Take-Two Interactive Software (NASDAQ:TTWO) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Bank of America raised their price target on shares of 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. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $294.44.

Take-Two Interactive Software Price Performance

TTWO stock opened at $247.62 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 52-week low of $187.63 and a 52-week high of $265.94. The stock’s 50 day moving average is $233.84 and its two-hundred day moving average is $221.60. The company has a market capitalization of $45.98 billion, a PE ratio of -152.85, a P/E/G ratio of 4.68 and a beta of 0.96.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the sale, the director directly owned 1,833 shares of the company’s stock, valued at approximately $462,887.49. This represents a 15.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the transaction, the president owned 40,358 shares in the company, valued at $8,720,960.22. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 569,936 shares of company stock worth $128,431,438. Corporate insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TTWO. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software during the fourth quarter worth about $25,000. Mosley Wealth Management boosted its stake in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after acquiring an additional 80 shares during the period. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $28,000. Essential Partners LLC grew its holdings in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $34,000. 95.46% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

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.