Take-Two Interactive Software (NASDAQ:TTWO) Given Buy Rating at BTIG Research

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by research analysts at BTIG Research in a report released on Monday,Benzinga reports. They presently have a $293.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 26.48% from the company’s previous close.

Several other research firms have also commented on TTWO. DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Bank of America raised their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $294.44.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $231.65 on Monday. The firm’s 50-day moving average price is $233.61 and its 200-day moving average price is $221.74. The company has a market capitalization of $43.01 billion, a PE ratio of -142.99, a P/E/G ratio of 4.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. Take-Two Interactive Software has a 1-year low of $187.63 and a 1-year high of $265.94.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider owned 113,988 shares in the company, valued at approximately $26,217,240. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction that occurred 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 sale, the director owned 1,833 shares in the company, valued at approximately $462,887.49. The trade was a 15.41% decrease in their position. 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 worth $128,431,438 in the last ninety days. 1.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $28,000. Mosley Wealth Management boosted its position in shares of Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after buying an additional 80 shares during the last quarter. MV Capital Management Inc. bought a new stake in Take-Two Interactive Software in the 4th quarter worth about $34,000. Finally, Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the 4th quarter worth about $34,000. 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.