Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $225.00 at JPMorgan Chase & Co.

Take-Two Interactive Software (NASDAQ:TTWO) had its target price upped by equities researchers at JPMorgan Chase & Co. from $195.00 to $225.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 21.01% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They set a “buy” rating and a $194.00 price target on the stock. Citigroup raised their price objective on shares of Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their target price on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, UBS Group lifted their price target on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $197.58.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $185.93 on Wednesday. The firm has a market capitalization of $32.65 billion, a PE ratio of -8.79, a P/E/G ratio of 5.76 and a beta of 0.89. The stock’s 50 day moving average is $174.46 and its two-hundred day moving average is $160.90. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $191.91. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software 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 transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in Take-Two Interactive Software in the third quarter valued at about $27,000. Crewe Advisors LLC grew its stake in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 143 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Take-Two Interactive Software by 155.1% during the 2nd 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 period. Truvestments Capital LLC acquired a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $31,000. Finally, Blue Trust Inc. boosted its holdings in Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the period. 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.