Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $280.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by investment analysts at Morgan Stanley from $275.00 to $280.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 13.71% from the company’s current price.

Several other research analysts have also recently weighed in on TTWO. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. DA Davidson boosted their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wall Street Zen cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. BMO Capital Markets lifted their price target on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group upped their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Twenty research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $267.57.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded down $2.68 during trading hours on Tuesday, reaching $246.25. The company had a trading volume of 309,606 shares, compared to its average volume of 1,073,955. Take-Two Interactive Software has a 12-month low of $178.65 and a 12-month high of $264.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $45.50 billion, a price-to-earnings ratio of -10.91, a PEG ratio of 4.00 and a beta of 0.92. The stock has a fifty day moving average of $246.37 and a 200-day moving average of $243.57.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.08) earnings per share. On average, equities analysts anticipate that Take-Two Interactive Software will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the transaction, the director directly owned 2,716 shares in the company, valued at $640,840.20. This trade represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction on Monday, November 17th. The shares were sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director directly owned 65,781 shares of the company’s stock, valued at $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,007 shares of company stock valued at $247,095 in the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of TTWO. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software during the third quarter worth about $26,000. Blue Trust Inc. boosted its stake in shares of Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares during the period. ORG Partners LLC grew its holdings in shares of Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.