Take-Two Interactive Software (NASDAQ:TTWO) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a sell rating in a research note published on Wednesday morning.

Other equities research analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Wedbush reaffirmed an “outperform” rating and set a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. DA Davidson boosted their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Ascendiant Capital Markets boosted their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $228.10.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $224.99 on Wednesday. The stock has a market cap of $39.71 billion, a P/E ratio of -10.55, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a fifty day simple moving average of $217.41 and a 200-day simple moving average of $200.67. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $240.78. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in TTWO. Wealthfront Advisers LLC increased its position in Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock valued at $26,223,853,000 after acquiring an additional 142,450,266 shares during the period. Norges Bank acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $495,086,000. Nuveen LLC acquired a new position in Take-Two Interactive Software in the 1st quarter valued at about $288,410,000. Price T Rowe Associates Inc. MD increased its position in Take-Two Interactive Software by 425.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,431,310 shares of the company’s stock valued at $296,640,000 after acquiring an additional 1,158,783 shares during the period. Finally, Contour Asset Management LLC acquired a new position in Take-Two Interactive Software in the 1st quarter valued at about $180,701,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.