Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Up – Still a Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) gapped up before the market opened on Thursday . The stock had previously closed at $226.99, but opened at $239.50. Take-Two Interactive Software shares last traded at $242.3950, with a volume of 699,543 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTWO. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. UBS Group upped their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $284.31.

Take-Two Interactive Software Price Performance

The company’s fifty day moving average is $208.40 and its 200 day moving average is $226.44. The firm has a market cap of $44.86 billion, a price-to-earnings ratio of -10.82, a PEG ratio of 3.37 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 52,054 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the completion of the transaction, the chief executive officer owned 178,702 shares in the company, valued at approximately $38,313,708.80. This represents a 22.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total transaction of $85,763.58. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $415,320. The trade was a 17.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 65,292 shares of company stock valued at $13,978,938 in the last three months. 1.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. MCF Advisors LLC bought a new stake in Take-Two Interactive Software during the fourth quarter worth $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Take-Two Interactive Software during the third quarter worth $26,000. GHP Investment Advisors Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter worth $28,000. Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software during the fourth quarter worth $34,000. Finally, MV Capital Management Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter worth $34,000. 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.