Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $294.44 Average Price Target from Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have received a consensus rating of “Buy” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $294.4375.

Several equities analysts recently issued reports on TTWO shares. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, June 15th. BTIG Research restated a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a report on Monday. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating 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, Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd.

Insider Activity at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director directly owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the sale, the director directly owned 1,833 shares in the company, valued at $462,887.49. This represents a 15.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 569,936 shares of company stock valued at $128,431,438 over the last ninety days. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently made changes to their positions in TTWO. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $28,000. Mosley Wealth Management increased its position in 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 buying an additional 80 shares in the last quarter. MV Capital Management Inc. bought a new position in Take-Two Interactive Software during the 4th quarter valued at approximately $34,000. Finally, Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at $34,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.4%

Shares of NASDAQ TTWO opened at $247.43 on Friday. 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 $265.94. The firm has a market capitalization of $46.26 billion, a PE ratio of -152.73, a price-to-earnings-growth ratio of 4.58 and a beta of 0.96. The firm has a fifty day simple moving average of $234.22 and a two-hundred day simple moving average of $221.53.

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.