Take-Two Interactive Software (NASDAQ:TTWO) Raised to “Buy” at UBS Group

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a $230.00 price target on the stock, up from their prior price target of $175.00. UBS Group’s price target points to a potential upside of 24.00% from the company’s previous close.

A number of other analysts also recently issued reports on TTWO. Wedbush reissued an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, December 9th. TD Cowen lifted their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Citigroup lifted their target price on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Oppenheimer upped their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $203.47.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $185.49 on Monday. The firm has a 50 day simple moving average of $185.46 and a 200-day simple moving average of $166.12. 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 $32.58 billion, a price-to-earnings ratio of -8.77, a price-to-earnings-growth ratio of 5.84 and a beta of 0.89. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $192.14.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 777 shares of the stock in a transaction on Monday, December 2nd. The shares were 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 $28,029,475.56. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several large investors have recently modified their holdings of TTWO. Public Sector Pension Investment Board boosted its stake in shares of Take-Two Interactive Software by 174.2% in the second quarter. Public Sector Pension Investment Board now owns 5,619 shares of the company’s stock valued at $874,000 after buying an additional 3,570 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Take-Two Interactive Software by 5.9% during the second quarter. AQR Capital Management LLC now owns 19,265 shares of the company’s stock worth $2,996,000 after buying an additional 1,078 shares in the last quarter. APG Asset Management N.V. grew its position in Take-Two Interactive Software by 184.5% during the second quarter. APG Asset Management N.V. now owns 21,279 shares of the company’s stock worth $3,087,000 after buying an additional 13,800 shares during the period. MBB Public Markets I LLC increased its holdings in Take-Two Interactive Software by 703.3% in the second quarter. MBB Public Markets I LLC now owns 13,021 shares of the company’s stock valued at $2,025,000 after buying an additional 11,400 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Take-Two Interactive Software by 27.6% during the 2nd quarter. Creative Planning now owns 26,244 shares of the company’s stock valued at $4,081,000 after acquiring an additional 5,681 shares during the period. 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.