Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $175.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective hoisted by equities researchers at UBS Group from $156.00 to $175.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 1.63% from the company’s current price.

A number of other analysts have also commented on TTWO. Jefferies Financial Group boosted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, August 12th. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target for the company. Morgan Stanley increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.05.

Take-Two Interactive Software Stock Down 0.7 %

Shares of NASDAQ:TTWO traded down $1.27 during midday trading on Thursday, reaching $177.90. 2,225,695 shares of the company were exchanged, compared to its average volume of 1,617,064. The stock has a fifty day simple moving average of $156.75 and a two-hundred day simple moving average of $153.71. The firm 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. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $180.53.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, sell-side analysts forecast that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently made changes to their positions in TTWO. ORG Partners LLC lifted its stake in shares of Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after buying an additional 166 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 143 shares in the last quarter. UMB Bank n.a. boosted its holdings in Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $37,000. Finally, Blue Trust Inc. grew its holdings in shares of Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares in the last quarter. 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.