Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $287.0625.

Several analysts have commented on the company. Piper Sandler assumed coverage on Take-Two Interactive Software in a research note on Tuesday. They set an “overweight” rating and a $280.00 target price on the stock. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research note on Tuesday, February 10th.

Insider Transactions at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 550,597 shares of company stock worth $124,180,972. Company insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Take-Two Interactive Software by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 21,851 shares of the company’s stock worth $4,316,000 after purchasing an additional 853 shares during the period. Glenmede Trust Co. NA raised its holdings in Take-Two Interactive Software by 10.4% in the 1st quarter. Glenmede Trust Co. NA now owns 4,728 shares of the company’s stock worth $934,000 after purchasing an additional 447 shares during the period. Summitry LLC bought a new position in Take-Two Interactive Software in the 1st quarter worth $224,000. Essential Partners LLC raised its holdings in Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the period. Finally, Groupe la Francaise raised its holdings in Take-Two Interactive Software by 21.8% in the 1st quarter. Groupe la Francaise now owns 8,983 shares of the company’s stock worth $1,713,000 after purchasing an additional 1,609 shares during the period. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $215.80 on Thursday. The business’s fifty day simple moving average is $214.60 and its two-hundred day simple moving average is $224.46. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $264.79. The company has a market cap of $40.07 billion, a price-to-earnings ratio of -133.21, a P/E/G ratio of 3.40 and a beta of 0.98.

About Take-Two Interactive Software

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.