Take-Two Interactive Software (NASDAQ:TTWO) Hits New 52-Week High – Here’s What Happened

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached a new 52-week high on Monday . The stock traded as high as $192.14 and last traded at $191.73, with a volume of 108449 shares trading hands. The stock had previously closed at $188.75.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several research reports. Citigroup lifted their price target on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. UBS Group lifted their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.58.

Take-Two Interactive Software Stock Down 3.8 %

The company has a 50 day moving average price of $182.56 and a two-hundred day moving average price of $163.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $31.92 billion, a PE ratio of -8.59, a PEG ratio of 5.76 and a beta of 0.89.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction 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 sale, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This trade represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is owned by company insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Take-Two Interactive Software in the third quarter worth about $27,000. Versant Capital Management Inc increased its position in Take-Two Interactive Software by 87.0% in the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after buying an additional 87 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Take-Two Interactive Software in the third quarter worth about $31,000. HHM Wealth Advisors LLC purchased a new stake in Take-Two Interactive Software in the second quarter worth about $37,000. Finally, Catalyst Capital Advisors LLC increased its position in Take-Two Interactive Software by 69.3% in the third quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.