Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $289.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price lifted by Wells Fargo & Company from $287.00 to $289.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 11.84% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. BMO Capital Markets increased their target price on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. BTIG Research restated a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a report on Thursday, July 2nd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Bank of America lifted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.00.

Take-Two Interactive Software Trading Up 1.3%

Shares of TTWO opened at $258.41 on Tuesday. The stock has a market capitalization of $47.98 billion, a P/E ratio of -159.51, a PEG ratio of 4.99 and a beta of 0.96. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $264.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $228.51 and a two-hundred day simple moving average of $222.84.

Insider Activity at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 570,349 shares of company stock valued at $128,517,202 over the last three months. Corporate insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $28,000. Essential Partners LLC increased its stake in shares of 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 acquiring an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software during the 4th quarter valued at about $34,000. Finally, MV Capital Management Inc. purchased a new position in Take-Two Interactive Software during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.