Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating restated by Stifel Nicolaus in a report issued on Thursday. They presently have a $135.00 price objective on the stock, up from their prior price objective of $122.00. Stifel Nicolaus’ target price suggests a potential upside of 16.70% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on TTWO. Jefferies Group LLC restated a “buy” rating and set a $140.00 target price (up previously from $3.00) on shares of Take-Two Interactive Software in a research report on Wednesday. Bank of America Corporation upped their price objective on Take-Two Interactive Software from $106.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $95.00 price objective (up previously from $66.00) on shares of Take-Two Interactive Software in a report on Wednesday. Benchmark Co. upped their price objective on Take-Two Interactive Software from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday. Finally, MKM Partners reiterated a “buy” rating and issued a $97.00 price objective (up previously from $86.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $110.15.
Take-Two Interactive Software (TTWO) traded up $0.52 during mid-day trading on Thursday, hitting $115.68. The stock had a trading volume of 2,089,700 shares, compared to its average volume of 1,881,745. The company has a market capitalization of $13,134.36, a P/E ratio of 44.98, a P/E/G ratio of 4.89 and a beta of 0.82. Take-Two Interactive Software has a 12 month low of $46.05 and a 12 month high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04.
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In other news, Director Michael Sheresky sold 465 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.55% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of TTWO. Dupont Capital Management Corp acquired a new position in shares of Take-Two Interactive Software during the third quarter worth about $102,000. Smithfield Trust Co. bought a new stake in Take-Two Interactive Software during the second quarter worth about $125,000. Crow Point Partners LLC raised its holdings in Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after acquiring an additional 689 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in Take-Two Interactive Software during the second quarter worth about $134,000. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Take-Two Interactive Software by 1,088.9% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock worth $175,000 after acquiring an additional 1,568 shares in the last quarter. 97.39% of the stock is owned by institutional investors.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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