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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have earned an average rating of “Buy” from the twenty-two research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $228.10.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. DA Davidson boosted their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. UBS Group increased their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $238.50 on Thursday. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $242.09. The stock has a fifty day moving average price of $225.83 and a 200-day moving average price of $206.70. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm has a market cap of $42.32 billion, a PE ratio of -9.39, a P/E/G ratio of 5.79 and a beta of 1.03.

Insider Activity

In related news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider now directly owns 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the chief executive officer now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,378 shares of company stock valued at $103,915,994 in the last quarter. 1.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of Take-Two Interactive Software by 17.1% during the 4th quarter. Empowered Funds LLC now owns 2,934 shares of the company’s stock valued at $540,000 after acquiring an additional 428 shares during the period. Savant Capital LLC purchased a new position in Take-Two Interactive Software during the fourth quarter worth approximately $236,000. Principal Securities Inc. grew its holdings in Take-Two Interactive Software by 6.0% in the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock valued at $189,000 after purchasing an additional 58 shares during the period. Allworth Financial LP increased its position in shares of Take-Two Interactive Software by 10.9% in the fourth quarter. Allworth Financial LP now owns 1,035 shares of the company’s stock valued at $195,000 after buying an additional 102 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of Take-Two Interactive Software by 76.2% in the fourth quarter. Catalyst Capital Advisors LLC now owns 495 shares of the company’s stock valued at $91,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.