Take-Two Interactive Software (NASDAQ:TTWO) Given New $295.00 Price Target at Wells Fargo & Company

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective dropped by Wells Fargo & Company from $301.00 to $295.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 38.36% from the company’s current price.

Several other analysts have also recently weighed in on TTWO. Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a report on Monday, December 1st. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a report on Tuesday, February 10th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $3.84 during trading on Wednesday, hitting $213.21. 540,284 shares of the company were exchanged, compared to its average volume of 2,385,907. Take-Two Interactive Software has a 1-year low of $188.56 and a 1-year high of $264.79. The company has a market capitalization of $39.48 billion, a P/E ratio of -9.53, a price-to-earnings-growth ratio of 8.76 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $228.24 and its 200-day moving average is $240.02.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 1,698 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the sale, the insider directly owned 125,001 shares in the company, valued at approximately $26,702,713.62. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the transaction, the director owned 2,429 shares in the company, valued at $596,270.92. The trade was a 14.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,490 shares of company stock worth $750,049 over the last quarter. Company insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MCF Advisors LLC bought a new stake in Take-Two Interactive Software in the fourth quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $27,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Finally, Pinnacle Bancorp Inc. acquired a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.