Take-Two Interactive Software (NASDAQ:TTWO) Earns Buy Rating from DA Davidson

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating reissued by DA Davidson in a report issued on Monday,Benzinga reports. They presently have a $300.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 39.50% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Wells Fargo & Company cut their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Piper Sandler reiterated a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 9th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Trading Up 1.6%

Shares of Take-Two Interactive Software stock traded up $3.31 during midday trading on Monday, reaching $215.06. The company had a trading volume of 852,523 shares, compared to its average volume of 2,170,100. The stock has a fifty day moving average price of $217.25 and a 200 day moving average price of $223.28. Take-Two Interactive Software has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The firm has a market cap of $39.93 billion, a PE ratio of -132.78, a P/E/G ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

Insider Activity

In other news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 560,175 shares of company stock valued at $126,236,057. Corporate insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of large investors have recently modified their holdings of TTWO. Thurston Springer Miller Herd & Titak Inc. increased its stake in Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after purchasing an additional 45 shares in the last quarter. First Horizon Corp grew its holdings in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after acquiring an additional 48 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Take-Two Interactive Software by 5.2% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,007 shares of the company’s stock worth $260,000 after acquiring an additional 50 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

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.