Wells Fargo & Company Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $288.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by research analysts at Wells Fargo & Company from $277.00 to $288.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.87% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Jefferies Financial Group increased their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. B. Riley began coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, DA Davidson increased their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Twenty investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $266.86.

Take-Two Interactive Software Trading Down 0.7%

TTWO opened at $250.71 on Thursday. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of -11.10, a price-to-earnings-growth ratio of 4.03 and a beta of 0.92. The company’s 50 day simple moving average is $246.50 and its two-hundred day simple moving average is $243.49. Take-Two Interactive Software has a 1-year low of $177.35 and a 1-year high of $264.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm’s revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the business posted ($2.08) earnings per share. Analysts expect that Take-Two Interactive Software will post 0.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director directly owned 2,716 shares of the company’s stock, valued at $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,007 shares of company stock worth $247,095 over the last 90 days. 1.34% of the stock is owned by insiders.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in TTWO. Private Trust Co. NA increased its stake in Take-Two Interactive Software by 27.1% during the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of Take-Two Interactive Software by 0.5% in the third quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock worth $1,996,000 after acquiring an additional 39 shares in the last quarter. Mather Group LLC. grew its stake in shares of Take-Two Interactive Software by 2.7% in the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after acquiring an additional 39 shares in the last quarter. Blue Trust Inc. increased its position in shares of Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after acquiring an additional 45 shares during the period. Finally, STF Management LP raised its stake in shares of Take-Two Interactive Software by 1.8% in the second quarter. STF Management LP now owns 2,616 shares of the company’s stock valued at $635,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.