The Goldman Sachs Group Raises Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $230.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective boosted by equities researchers at The Goldman Sachs Group from $205.00 to $230.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 8.17% from the stock’s previous close.

Several other brokerages have also recently issued reports on TTWO. Raymond James reaffirmed an “outperform” rating and set a $220.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Friday. Citigroup increased their target price 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. Oppenheimer increased their price objective on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Roth Mkm increased their price objective on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.16.

Take-Two Interactive Software Trading Up 16.1 %

Shares of TTWO traded up $29.56 during mid-day trading on Friday, reaching $212.64. 4,280,567 shares of the company’s stock traded hands, compared to its average volume of 1,712,538. The stock has a market cap of $37.35 billion, a P/E ratio of -10.03, a P/E/G ratio of 5.76 and a beta of 0.89. The stock’s 50-day moving average is $185.53 and its two-hundred day moving average is $168.10. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $211.50. 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 Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the sale, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its position in Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock valued at $51,000 after acquiring an additional 54 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock valued at $3,157,000 after buying an additional 57 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Take-Two Interactive Software by 6.0% in the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock valued at $189,000 after buying an additional 58 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Take-Two Interactive Software by 2.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company’s stock valued at $563,000 after buying an additional 61 shares during the last quarter. Finally, Hartford Investment Management Co. raised its holdings in shares of Take-Two Interactive Software by 0.7% in the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after buying an additional 74 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.