DA Davidson Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its target price lifted by DA Davidson from $250.00 to $270.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on TTWO. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Morgan Stanley lowered their price objective on Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $215.00 target price on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Raymond James reissued an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.48.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $226.74 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $240.78. The stock has a 50 day moving average price of $214.89 and a two-hundred day moving average price of $198.36. The company has a market capitalization of $40.02 billion, a P/E ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC grew its stake in Take-Two Interactive Software by 0.9% in the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company’s stock worth $1,050,000 after purchasing an additional 45 shares during the period. Brooklyn Investment Group grew its stake in shares of Take-Two Interactive Software by 8.1% in the first quarter. Brooklyn Investment Group now owns 669 shares of the company’s stock worth $139,000 after acquiring an additional 50 shares during the last quarter. Adero Partners LLC grew its stake in shares of Take-Two Interactive Software by 2.9% in the first quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock worth $370,000 after acquiring an additional 51 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after acquiring an additional 54 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock worth $3,157,000 after acquiring an additional 57 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other 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.