Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Upgraded by Zacks Research

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. BTIG Research reiterated a “buy” rating and issued a $293.00 price target on shares of Take-Two Interactive Software in a research report on Monday. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Buy” and a consensus price target of $294.44.

Take-Two Interactive Software Trading Up 1.5%

TTWO opened at $247.62 on Monday. The stock has a market capitalization of $45.98 billion, a PE ratio of -152.85, a P/E/G ratio of 4.68 and a beta of 0.96. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $265.94. The firm’s fifty day moving average price is $233.84 and its 200 day moving average price is $221.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the sale, the director owned 1,833 shares of the company’s stock, valued at $462,887.49. This trade represents a 15.41% decrease in their position. The sale was disclosed in a 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 Jon J. Moses sold 500 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently made changes to their positions in TTWO. MCF Advisors LLC acquired a new position in Take-Two Interactive Software in the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $28,000. Mosley Wealth Management raised its holdings in shares of Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. Finally, Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth $34,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.