Take-Two Interactive Software’s (TTWO) “Overweight” Rating Reiterated at Barclays

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “overweight” rating reaffirmed by Barclays in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $128.00 price objective on the stock, up from their previous price objective of $121.00. Barclays’ price target would indicate a potential upside of 18.03% from the company’s current price.

Several other research firms have also issued reports on TTWO. Piper Jaffray Companies reissued a “buy” rating and issued a $125.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, December 7th. BidaskClub cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Buckingham Research boosted their price objective on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Bank of America boosted their price objective on shares of Take-Two Interactive Software from $106.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Take-Two Interactive Software presently has a consensus rating of “Buy” and a consensus price target of $123.48.

Take-Two Interactive Software (TTWO) traded up $4.94 during midday trading on Thursday, hitting $108.45. 5,200,928 shares of the stock traded hands, compared to its average volume of 2,230,000. Take-Two Interactive Software has a one year low of $56.13 and a one year high of $129.25. The company has a current ratio of 1.18, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $12,370.00, a price-to-earnings ratio of 67.36, a P/E/G ratio of 3.15 and a beta of 0.85.

In other Take-Two Interactive Software news, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $118.50, for a total value of $651,750.00. Following the completion of the transaction, the director now owns 4,777 shares of the company’s stock, valued at approximately $566,074.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.55% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TTWO. ARP Americas LP boosted its stake in shares of Take-Two Interactive Software by 80.7% in the 4th quarter. ARP Americas LP now owns 9,218 shares of the company’s stock valued at $1,012,000 after purchasing an additional 4,118 shares in the last quarter. American International Group Inc. raised its holdings in Take-Two Interactive Software by 11.4% during the 4th quarter. American International Group Inc. now owns 242,686 shares of the company’s stock valued at $26,642,000 after buying an additional 24,752 shares during the last quarter. Centaurus Financial Inc. bought a new stake in Take-Two Interactive Software during the 4th quarter valued at $209,000. Bank of New York Mellon Corp raised its holdings in Take-Two Interactive Software by 22.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,390,632 shares of the company’s stock valued at $152,663,000 after buying an additional 257,555 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Take-Two Interactive Software by 2.5% during the 4th quarter. Rhumbline Advisers now owns 250,539 shares of the company’s stock valued at $27,504,000 after buying an additional 6,224 shares during the last quarter. 90.97% of the stock is owned by institutional investors and hedge funds.

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Take-Two Interactive Software Company Profile

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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