Take-Two Interactive Software (TTWO) Earns Buy Rating from Analysts at BTIG Research

BTIG Research initiated coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $142.00 price target on the stock. BTIG Research’s target price would indicate a potential upside of 27.71% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Jefferies Group restated a “buy” rating and issued a $140.00 price target (up from $3.00) on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Piper Jaffray Companies restated a “buy” rating and issued a $125.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Robert W. Baird upgraded shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $137.00 in a research report on Wednesday, November 8th. Buckingham Research raised their price target on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Bank of America raised their price target on shares of Take-Two Interactive Software from $106.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $114.23.

Take-Two Interactive Software (TTWO) opened at $111.19 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. Take-Two Interactive Software has a 52-week low of $48.58 and a 52-week high of $120.62. The stock has a market cap of $12,681.55, a PE ratio of 43.43, a PEG ratio of 3.22 and a beta of 0.81.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 31,004 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the transaction, the chief financial officer now directly owns 351,019 shares in the company, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,504 shares of company stock worth $7,729,606. Corporate insiders own 1.55% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC increased its stake in Take-Two Interactive Software by 103.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 221,857 shares of the company’s stock valued at $22,680,000 after buying an additional 112,870 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $1,768,000. Belpointe Asset Management LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter worth approximately $708,000. Insight Capital Research & Management Inc. grew its stake in shares of Take-Two Interactive Software by 26.2% in the 3rd quarter. Insight Capital Research & Management Inc. now owns 21,277 shares of the company’s stock worth $2,175,000 after purchasing an additional 4,415 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Take-Two Interactive Software by 36.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 300,000 shares of the company’s stock worth $30,669,000 after purchasing an additional 80,600 shares during the last quarter. 91.26% of the stock is currently owned by hedge funds and other institutional investors.

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Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.