Take-Two Interactive Software (NASDAQ:TTWO) Hits New 52-Week High After Analyst Upgrade

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached a new 52-week high on Tuesday after Wells Fargo & Company raised their price target on the stock from $287.00 to $289.00. Wells Fargo & Company currently has an overweight rating on the stock. Take-Two Interactive Software traded as high as $265.94 and last traded at $258.9120, with a volume of 295983 shares traded. The stock had previously closed at $258.41.

TTWO has been the topic of several other reports. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. 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. Bank of America upped their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Finally, BTIG Research reiterated a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has issued 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 price target of $293.00.

Insider Activity

In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the sale, the director owned 22,368 shares in the company, valued at approximately $4,814,040.96. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the stock in a transaction that occurred on 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 directly owned 131,668 shares of the company’s stock, valued at $28,915,609.48. The trade was 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. Insiders have sold a total of 570,349 shares of company stock worth $128,517,202 over the last ninety days. 1.34% of the stock is owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the business. MCF Advisors LLC purchased a new position in Take-Two Interactive Software during the 4th quarter worth $25,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software in the fourth quarter valued at $28,000. MV Capital Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. Finally, True Wealth Design LLC boosted its stake in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.3%

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50 day moving average price is $228.51 and its two-hundred day moving average price is $222.84. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of -159.99, a P/E/G ratio of 4.99 and a beta of 0.96.

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.