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

Take-Two Interactive Software (NASDAQ:TTWO) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

TTWO has been the subject of a number of other research reports. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Morgan Stanley lifted their target price on 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. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.94.

Take-Two Interactive Software Trading Up 1.7%

Shares of NASDAQ:TTWO opened at $193.67 on Thursday. Take-Two Interactive Software has a 52-week low of $188.56 and a 52-week high of $264.79. The stock has a market capitalization of $35.86 billion, a price-to-earnings ratio of -8.65, a PEG ratio of 10.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $238.17 and its two-hundred day simple moving average is $241.69.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. This trade represents a 14.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the sale, the director owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently bought and sold shares of the stock. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $25,000. Blue Trust Inc. increased its holdings in shares of Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 53 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Take-Two Interactive Software in the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth about $27,000. Finally, GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. 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.