Wedbush Reiterates Outperform Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Wedbush restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report issued on Friday morning, Marketbeat Ratings reports. Wedbush currently has a $269.00 target price on the stock, up from their prior target price of $253.00.

TTWO has been the topic of several other reports. Raymond James reiterated an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. DA Davidson lifted their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus lifted their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.48.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $226.74 on Friday. The company has a market cap of $40.02 billion, a P/E ratio of -10.63, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $240.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average price is $214.89 and its 200-day moving average price is $198.36.

Institutional Investors Weigh In On Take-Two Interactive Software

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

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.