Brokerages Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Price Target at $266.33

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has earned an average rating of “Moderate Buy” from the twenty-four research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $266.3333.

A number of brokerages have issued reports on TTWO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Benchmark lifted their target price on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the transaction, the director directly owned 2,716 shares of the company’s stock, valued at $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,421 shares of company stock valued at $349,042 over the last 90 days. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC raised its stake in Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software during the second quarter worth approximately $27,000. Finally, 1 North Wealth Services LLC bought a new stake in Take-Two Interactive Software in the first quarter worth approximately $29,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Down 0.4%

Shares of NASDAQ TTWO opened at $241.47 on Thursday. The stock has a market capitalization of $44.62 billion, a P/E ratio of -10.69, a PEG ratio of 3.86 and a beta of 0.96. The stock’s fifty day moving average is $248.62 and its 200 day moving average is $241.00. Take-Two Interactive Software has a 52 week low of $177.35 and a 52 week high of $264.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.08) EPS. Sell-side analysts forecast that Take-Two Interactive Software will post 0.97 earnings per share for the current fiscal year.

About Take-Two Interactive Software

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.