Take-Two Interactive Software (NASDAQ:TTWO) Given New $368.00 Price Target at Bank of America

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective raised by stock analysts at Bank of America from $320.00 to $368.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 53.61% from the stock’s previous close.

Several other research firms also recently weighed in on TTWO. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, June 15th. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Take-Two Interactive Software Price Performance

TTWO opened at $239.57 on Tuesday. The business has a fifty day moving average of $221.20 and a 200 day moving average of $222.72. Take-Two Interactive Software has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The stock has a market cap of $44.48 billion, a P/E ratio of -147.88, a PEG ratio of 4.73 and a beta of 0.98.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the transaction, the director owned 22,368 shares in the company, valued at $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 569,515 shares of company stock valued at $128,310,552 over the last quarter. 1.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Take-Two Interactive Software in the fourth quarter worth about $735,389,000. AQR Capital Management LLC boosted its holdings in shares of Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after buying an additional 704,316 shares in the last quarter. Amundi boosted its holdings in shares of Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after buying an additional 688,133 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Take-Two Interactive Software by 44.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after buying an additional 568,263 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Take-Two Interactive Software by 53.1% in the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after buying an additional 505,000 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Company Profile

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.