Oppenheimer Holdings, Inc. Boosts Take-Two Interactive Software, Inc. (TTWO) Price Target to $135.00

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price objective boosted by analysts at Oppenheimer Holdings, Inc. from $112.00 to $135.00 in a report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 12.95% from the stock’s current price.

Other analysts have also issued reports about the company. Benchmark Co. reaffirmed a “buy” rating and set a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “neutral” rating and set a $90.00 target price (up from $80.00) on shares of Take-Two Interactive Software in a research report on Friday, August 4th. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 target price (up from $79.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $100.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, KeyCorp set a $104.00 target price on Take-Two Interactive Software and gave the stock a “buy” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.80.



Take-Two Interactive Software (NASDAQ:TTWO) traded up $2.12 during trading hours on Tuesday, reaching $119.52. The company’s stock had a trading volume of 128,258 shares, compared to its average volume of 1,888,183. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. Take-Two Interactive Software has a one year low of $46.27 and a one year high of $120.62. The stock has a market capitalization of $13,390.00, a price-to-earnings ratio of 46.02, a PEG ratio of 3.42 and a beta of 0.82.

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In related news, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $116.49, for a total transaction of $3,611,655.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $115.54, for a total value of $3,466,200.00. Following the sale, the chief financial officer now directly owns 351,019 shares in the company, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,504 shares of company stock worth $7,729,606. 1.55% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TTWO. Jackson Square Partners LLC increased its holdings in shares of Take-Two Interactive Software by 137.9% in the third quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after buying an additional 2,026,010 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after buying an additional 1,781,500 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 7,304.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after buying an additional 1,615,360 shares in the last quarter. Macquarie Group Ltd. raised its stake in Take-Two Interactive Software by 110.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,710,990 shares of the company’s stock valued at $174,914,000 after purchasing an additional 897,380 shares during the period. Finally, Newbrook Capital Advisors LP acquired a new stake in Take-Two Interactive Software during the 2nd quarter valued at $40,890,000. 90.05% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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