Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 1-Year High on Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares hit a new 52-week high on Thursday after Oppenheimer raised their price target on the stock from $185.00 to $190.00. Oppenheimer currently has an outperform rating on the stock. Take-Two Interactive Software traded as high as $174.26 and last traded at $174.26, with a volume of 37721 shares changing hands. The stock had previously closed at $166.62.

Several other brokerages have also recently weighed in on TTWO. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America restated a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. UBS Group upped their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Robert W. Baird upped their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $188.05.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its stake in Take-Two Interactive Software by 297.9% during the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 143 shares during the period. UMB Bank n.a. raised its position in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $37,000. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 410.6% during the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the last quarter. Finally, BOKF NA raised its position in shares of Take-Two Interactive Software by 466.7% during the first quarter. BOKF NA now owns 272 shares of the company’s stock valued at $41,000 after buying an additional 224 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

The stock has a market cap of $31.18 billion, a P/E ratio of -8.41, a PEG ratio of 5.09 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day moving average price is $156.75 and its 200-day moving average price is $153.71.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Sell-side analysts expect that Take-Two Interactive Software, Inc. will post 1.01 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.