Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Roth Mkm Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its target price boosted by stock analysts at Roth Mkm from $182.00 to $208.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price would suggest a potential upside of 13.43% from the company’s previous close.

Several other equities research analysts have also commented on the company. Robert W. Baird upped their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. TD Cowen raised their price objective on shares of Take-Two Interactive Software from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, August 12th. Bank of America reaffirmed a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Finally, Wedbush restated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.00.

Take-Two Interactive Software Trading Up 0.2 %

Take-Two Interactive Software stock traded up $0.44 during mid-day trading on Tuesday, hitting $183.37. 129,476 shares of the stock were exchanged, compared to its average volume of 1,602,875. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $159.52 and its two-hundred day simple moving average is $155.44. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $183.74. The stock has a market capitalization of $32.21 billion, a price-to-earnings ratio of -8.67, a PEG ratio of 5.35 and a beta of 0.85.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TTWO. State Street Corp boosted its position in Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after acquiring an additional 880,816 shares in the last quarter. Capital World Investors boosted its position in shares of Take-Two Interactive Software by 2.1% during the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after purchasing an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares during the period. Ameriprise Financial Inc. raised its holdings in 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Take-Two Interactive Software by 10.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after buying an additional 417,325 shares during the period. 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.