Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $190.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by investment analysts at BMO Capital Markets from $185.00 to $190.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 6.80% from the stock’s current price.

TTWO has been the subject of several other reports. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Wedbush restated an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Roth Mkm boosted their price target on Take-Two Interactive Software from $180.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research note on Monday, August 12th. Finally, Bank of America reaffirmed a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Two investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.05.

Take-Two Interactive Software Trading Down 0.7 %

Shares of TTWO opened at $177.90 on Thursday. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $180.53. The stock’s 50-day moving average is $156.75 and its two-hundred day moving average is $153.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $31.18 billion, a PE ratio of -8.41, a P/E/G ratio of 5.09 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 0.49% and a negative net margin of 66.38%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities analysts forecast that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock valued at $2,809,561,000 after buying an additional 156,563 shares during the last quarter. Capital World Investors raised its stake in Take-Two Interactive Software by 2.1% during the 1st quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after acquiring an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Take-Two Interactive Software by 4.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after acquiring an additional 192,774 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Take-Two Interactive Software by 1.8% during the first quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after purchasing an additional 48,909 shares during the period. Institutional investors own 95.46% of the company’s stock.

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.