Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Roth Mkm Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its target price boosted by stock analysts at Roth Mkm from $182.00 to $208.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price points to a potential upside of 13.43% from the company’s previous close.

Several other brokerages have also recently weighed in on TTWO. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wedbush reissued an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, November 7th. Redburn Atlantic started coverage on Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target for the company. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Benchmark lifted their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $190.00.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded up $0.44 during mid-day trading on Tuesday, reaching $183.37. 129,476 shares of the stock traded hands, compared to its average volume of 1,602,875. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $183.74. The business’s 50-day moving average is $159.52 and its 200-day moving average is $155.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $32.21 billion, a PE ratio of -8.67, a price-to-earnings-growth ratio of 5.35 and a beta of 0.85.

Insider Activity

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hartford Investment Management Co. raised its stake in shares of Take-Two Interactive Software by 0.7% in the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock valued at $1,576,000 after acquiring an additional 74 shares in the last quarter. Huntington National Bank boosted its stake in shares of Take-Two Interactive Software by 9.3% in the 3rd quarter. Huntington National Bank now owns 896 shares of the company’s stock valued at $138,000 after buying an additional 76 shares during the period. Chicago Capital LLC increased its stake in shares of Take-Two Interactive Software by 2.9% during the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock worth $459,000 after buying an additional 85 shares during the period. Studio Investment Management LLC raised its holdings in Take-Two Interactive Software by 3.9% in the third quarter. Studio Investment Management LLC now owns 2,303 shares of the company’s stock valued at $354,000 after acquiring an additional 86 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Take-Two Interactive Software by 15.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.