Take-Two Interactive Software (NASDAQ:TTWO) Sets New 52-Week High – Should You Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s share price reached a new 52-week high on Wednesday . The company traded as high as $220.37 and last traded at $219.05, with a volume of 85129 shares traded. The stock had previously closed at $217.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup upped their price target 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. Oppenheimer increased their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a research report on Friday, February 7th. The Goldman Sachs Group increased their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Ascendiant Capital Markets boosted their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.38.

Take-Two Interactive Software Stock Down 0.6 %

The stock has a market capitalization of $38.25 billion, a P/E ratio of -10.16, a P/E/G ratio of 6.83 and a beta of 0.82. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $201.44 and its 200-day moving average is $181.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC raised its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after acquiring an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. boosted its position in Take-Two Interactive Software by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company’s stock valued at $3,563,690,000 after buying an additional 99,909 shares during the last quarter. State Street Corp raised its position in shares of Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after acquiring an additional 880,816 shares during the last quarter. Capital International Investors raised its position in shares of Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock worth $899,036,000 after acquiring an additional 424,893 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company’s stock valued at $878,567,000 after acquiring an additional 13,555 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

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.