Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $280.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective increased by Morgan Stanley from $275.00 to $280.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on TTWO. B. Riley initiated coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a report on Monday, December 1st. Benchmark raised their target price on Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their price target on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Twenty analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.57.

Take-Two Interactive Software Stock Down 0.5%

Shares of TTWO opened at $244.34 on Tuesday. The company’s 50-day moving average price is $245.92 and its 200 day moving average price is $243.63. Take-Two Interactive Software has a 12-month low of $179.61 and a 12-month high of $264.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73. The firm has a market cap of $45.15 billion, a P/E ratio of -10.82, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the business earned ($2.08) earnings per share. On average, sell-side analysts forecast that Take-Two Interactive Software will post 0.97 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TTWO. Private Trust Co. NA increased its holdings in shares of Take-Two Interactive Software by 27.1% in the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after acquiring an additional 39 shares during the period. Miracle Mile Advisors LLC grew its position in Take-Two Interactive Software by 0.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock worth $1,996,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. increased its stake in Take-Two Interactive Software by 2.7% in the third quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after purchasing an additional 39 shares during the period. Blue Trust Inc. raised its holdings in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. Finally, STF Management LP boosted its stake in shares of Take-Two Interactive Software by 1.8% during the second quarter. STF Management LP now owns 2,616 shares of the company’s stock worth $635,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.