Take-Two Interactive Software’s (TTWO) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report issued on Monday,Benzinga reports. The firm currently has a $293.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America lifted their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upped their price objective on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Buy” and a consensus price target of $294.44.

Take-Two Interactive Software Stock Down 0.5%

Shares of TTWO opened at $246.43 on Monday. The firm has a market cap of $46.08 billion, a P/E ratio of -152.12, a PEG ratio of 4.60 and a beta of 0.96. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $265.94. The stock’s 50 day moving average is $234.03 and its two-hundred day moving average is $221.56. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, 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 approximately $8,720,960.22. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 569,936 shares of company stock valued at $128,431,438. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $735,389,000. AQR Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the period. Amundi boosted its position in shares of Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after acquiring an additional 688,133 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after purchasing an additional 505,000 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.