Take-Two Interactive Software (NASDAQ:TTWO) Hits New 1-Year High Following Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) hit a new 52-week high on Friday after UBS Group raised their price target on the stock from $230.00 to $275.00. UBS Group currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $240.78 and last traded at $232.47, with a volume of 1042193 shares changing hands. The stock had previously closed at $232.34.

Several other brokerages have also recently weighed in on TTWO. Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Moffett Nathanson lifted their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 7th. StockNews.com raised Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $269.00 price target (up previously from $253.00) on shares of Take-Two Interactive Software in a report on Friday. Finally, Benchmark boosted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.48.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Moody Lynn & Lieberson LLC grew its position in Take-Two Interactive Software by 0.9% during the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company’s stock worth $1,050,000 after acquiring an additional 45 shares during the last quarter. Brooklyn Investment Group grew its position in Take-Two Interactive Software by 8.1% during the 1st quarter. Brooklyn Investment Group now owns 669 shares of the company’s stock worth $139,000 after acquiring an additional 50 shares during the last quarter. Adero Partners LLC grew its position in Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock worth $370,000 after acquiring an additional 51 shares during the last quarter. First Horizon Advisors Inc. grew its position in Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after acquiring an additional 54 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Take-Two Interactive Software by 0.3% during the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock worth $3,157,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

The firm has a market cap of $40.02 billion, a P/E ratio of -10.63, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $214.89 and a two-hundred day moving average of $198.36.

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.