Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Upgraded by Raymond James Financial

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $285.00 price objective on the stock. Raymond James Financial’s price target points to a potential upside of 39.78% from the company’s current price.

Several other research firms also recently weighed in on TTWO. DA Davidson reissued a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Wells Fargo & Company boosted their price target on Take-Two Interactive Software from $288.00 to $301.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Finally, Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a research note on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $283.94.

Take-Two Interactive Software Stock Down 3.2%

TTWO stock opened at $203.89 on Tuesday. The firm has a market cap of $37.76 billion, a PE ratio of -9.11, a P/E/G ratio of 11.25 and a beta of 0.92. Take-Two Interactive Software has a 12 month low of $188.56 and a 12 month high of $264.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $240.40 and a 200 day simple moving average of $242.28.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares in the company, valued at $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,010 shares of company stock valued at $242,102 over the last three months. 1.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in Take-Two Interactive Software during the 1st quarter worth $425,000. Empowered Funds LLC lifted its holdings in Take-Two Interactive Software by 13.2% during the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after acquiring an additional 388 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after acquiring an additional 165 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth about $832,000. Finally, Blue Trust Inc. boosted its holdings in shares of Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 53 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.