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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have received an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat reports. One research 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $294.4375.

TTWO has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Bank of America boosted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Wells Fargo & Company raised their target price on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th.

Take-Two Interactive Software Trading Down 1.4%

Shares of Take-Two Interactive Software stock opened at $230.25 on Friday. The company has a quick ratio of 1.24, a current 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 $265.94. The company has a market capitalization of $42.75 billion, a price-to-earnings ratio of -142.13, a PEG ratio of 4.48 and a beta of 0.96. The firm’s 50-day moving average price is $233.83 and its two-hundred day moving average price is $221.92.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the sale, the director directly owned 21,868 shares in the company, valued at $5,349,131.48. This represents a 2.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 569,936 shares of company stock worth $128,431,438 over the last quarter. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after purchasing an additional 166,661 shares in the last quarter. State Street Corp boosted its position in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after buying an additional 390,331 shares in the last quarter. Geode Capital Management LLC boosted its position in Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after buying an additional 60,893 shares in the last quarter. Invesco Ltd. grew its stake in shares of Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after buying an additional 16,758 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $735,389,000. 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.