Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 12-Month High – Should You Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $180.92 and last traded at $180.75, with a volume of 60272 shares traded. The stock had previously closed at $180.55.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TTWO. Bank of America reissued a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Robert W. Baird upped their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Redburn Atlantic started coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective for the company. Finally, Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Price Performance

The stock has a fifty day simple moving average of $157.60 and a 200-day simple moving average of $154.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Several large investors have recently made changes to their positions in TTWO. Crewe Advisors LLC increased its position in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. increased its position in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth approximately $31,000. Blue Trust Inc. increased its position in shares of Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth approximately $37,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.