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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has earned an average recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $292.7059.

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. BTIG Research began coverage on Take-Two Interactive Software in a research report on Wednesday, June 24th. They set a “buy” rating and a $290.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $238.53 on Monday. The company has a fifty day moving average price of $223.96 and a 200 day moving average price of $222.50. 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 twelve month low of $187.63 and a twelve month high of $264.79. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of -147.24, a price-to-earnings-growth ratio of 4.72 and a beta of 0.98.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director directly owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 4,419 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the sale, the insider directly owned 113,988 shares in the company, valued at approximately $26,217,240. The trade was a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 570,015 shares of company stock valued at $128,432,857. Company insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently modified their holdings of TTWO. Norges Bank bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth about $735,389,000. AQR Capital Management LLC increased its position in shares of Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after purchasing an additional 704,316 shares during the last quarter. Amundi increased its position in shares of Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after purchasing an additional 688,133 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Take-Two Interactive Software by 44.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Take-Two Interactive Software by 53.1% in the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

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.