Brokerages Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Price Target at $287.06

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been given a consensus rating of “Moderate Buy” by the nineteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $287.0625.

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. Finally, Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 560,588 shares of company stock worth $126,322,522. Insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Large investors have recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the 4th quarter worth $28,000. Essential Partners LLC grew its position in Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software in the fourth quarter valued at $34,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $210.46 on Thursday. The company has a market cap of $39.08 billion, a P/E ratio of -129.91, a PEG ratio of 4.10 and a beta of 0.98. The firm has a fifty day moving average price of $216.69 and a 200 day moving average price of $223.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $264.79.

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.