Morgan Stanley Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $265.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price raised by Morgan Stanley from $210.00 to $265.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 11.58% from the company’s current price.

A number of other research analysts also recently issued reports on TTWO. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Raymond James reissued an “outperform” rating and set a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Finally, StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.10.

Take-Two Interactive Software Stock Up 1.2%

Shares of Take-Two Interactive Software stock opened at $237.50 on Monday. 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 company’s fifty day simple moving average is $216.16 and its two-hundred day simple moving average is $199.62. The company has a market cap of $41.92 billion, a P/E ratio of -11.13, a PEG ratio of 6.83 and a beta of 1.08. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $240.78.

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 the business. Wealthfront Advisers LLC boosted its holdings in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after buying an additional 142,450,266 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Take-Two Interactive Software by 2.6% in the first quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company’s stock worth $4,117,123,000 after buying an additional 506,026 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Take-Two Interactive Software by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company’s stock worth $1,110,510,000 after buying an additional 89,093 shares during the last quarter. Capital International Investors boosted its holdings in shares of Take-Two Interactive Software by 9.5% in the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock worth $899,036,000 after buying an additional 424,893 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company’s stock worth $878,567,000 after buying an additional 13,555 shares during the last quarter. Hedge funds and other 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.