Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $300.00 at UBS Group

Take-Two Interactive Software (NASDAQ:TTWO) had its target price hoisted by equities researchers at UBS Group from $292.00 to $300.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 21.91% from the company’s current price.

A number of other research firms have also recently commented on TTWO. BMO Capital Markets lifted their price target on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective on the stock in a research report on Monday, December 1st. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Wedbush upped their price objective on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.11.

Take-Two Interactive Software Price Performance

TTWO traded up $0.57 during trading on Wednesday, reaching $246.09. 163,602 shares of the company traded hands, compared to its average volume of 1,202,007. The firm has a fifty day simple moving average of $246.82 and a 200 day simple moving average of $243.81. Take-Two Interactive Software has a 12-month low of $181.86 and a 12-month high of $264.79. The company has a market cap of $45.47 billion, a P/E ratio of -10.89, a PEG ratio of 3.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15.

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

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director directly owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the sale, the director owned 2,429 shares in the company, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,010 shares of company stock worth $242,102. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TTWO. KLP Kapitalforvaltning AS increased its holdings in shares of Take-Two Interactive Software by 0.3% in the 4th quarter. KLP Kapitalforvaltning AS now owns 90,900 shares of the company’s stock valued at $23,273,000 after acquiring an additional 300 shares during the last quarter. M&T Bank Corp increased its stake in Take-Two Interactive Software by 5,247.7% during the fourth quarter. M&T Bank Corp now owns 321,023 shares of the company’s stock valued at $82,192,000 after purchasing an additional 315,020 shares during the last quarter. Optas LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $219,000. Ticino Wealth bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $536,000. Finally, TD Waterhouse Canada Inc. grew its position in shares of Take-Two Interactive Software by 1.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 12,993 shares of the company’s stock valued at $3,326,000 after buying an additional 184 shares during the last quarter. Institutional investors 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.