BMO Capital Markets Boosts Take-Two Interactive Software, Inc. (TTWO) Price Target to $135.00

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price target increased by research analysts at BMO Capital Markets to $135.00 in a report issued on Monday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 16.70% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Cowen and Company downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective on the stock. in a research report on Monday, October 9th. Benchmark Co. reissued a “buy” rating and issued a $110.00 price objective (up from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of Take-Two Interactive Software in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Take-Two Interactive Software in a research report on Friday, September 8th. They issued a “buy” rating and a $118.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $110.65.

Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at $115.68 on Monday. Take-Two Interactive Software has a 52-week low of $46.05 and a 52-week high of $120.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. The company has a market cap of $13,193.66, a P/E ratio of 45.19, a price-to-earnings-growth ratio of 3.35 and a beta of 0.82.

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A number of institutional investors have recently modified their holdings of TTWO. Renaissance Technologies LLC lifted its stake in shares of Take-Two Interactive Software by 1,045.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock worth $143,234,000 after acquiring an additional 1,781,500 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 7,304.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock worth $22,315,000 after acquiring an additional 1,615,360 shares during the period. Jackson Square Partners LLC acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $107,799,000. Macquarie Group Ltd. lifted its stake in shares of Take-Two Interactive Software by 110.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,710,990 shares of the company’s stock worth $174,914,000 after acquiring an additional 897,380 shares during the period. Finally, Newbrook Capital Advisors LP acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $40,890,000. 97.71% 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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