Take-Two Interactive Software (NASDAQ:TTWO) had its price objective hoisted by analysts at Credit Suisse Group from $125.00 to $128.00 in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 14.26% from the stock’s current price.
A number of other equities research analysts have also weighed in on TTWO. Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, October 12th. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 target price on shares of Take-Two Interactive Software in a research report on Friday, October 13th. KeyCorp reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, October 17th. MKM Partners lifted their target price on Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Jefferies Group reiterated a “buy” rating and issued a $140.00 target price (up previously from $3.00) on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. Take-Two Interactive Software currently has an average rating of “Buy” and a consensus target price of $117.87.
Shares of Take-Two Interactive Software (NASDAQ TTWO) traded down $5.16 during midday trading on Thursday, reaching $112.03. The company’s stock had a trading volume of 1,480,728 shares, compared to its average volume of 1,930,005. Take-Two Interactive Software has a 12-month low of $53.84 and a 12-month high of $129.25. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13,370.00, a price-to-earnings ratio of 102.78, a PEG ratio of 3.43 and a beta of 0.85.
In related news, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $118.50, for a total transaction of $651,750.00. Following the completion of the transaction, the director now owns 4,777 shares in the company, valued at approximately $566,074.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Take-Two Interactive Software by 73.1% during the 1st quarter. FMR LLC now owns 5,384,102 shares of the company’s stock valued at $319,116,000 after acquiring an additional 2,273,553 shares in the last quarter. Jackson Square Partners LLC raised its stake in Take-Two Interactive Software by 137.9% during the 3rd quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after acquiring an additional 2,026,010 shares in the last quarter. Renaissance Technologies LLC raised its stake in Take-Two Interactive Software by 1,045.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after acquiring an additional 1,781,500 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in Take-Two Interactive Software by 7,304.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after acquiring an additional 1,615,360 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Take-Two Interactive Software by 131,674.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,581,296 shares of the company’s stock valued at $71,284,000 after acquiring an additional 1,580,096 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.
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About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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