Take-Two Interactive Software (NASDAQ:TTWO) PT Raised to $191.00 at Stifel Nicolaus

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective hoisted by analysts at Stifel Nicolaus from $175.00 to $191.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 21.96% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. BMO Capital Markets restated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Wedbush reiterated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Finally, Bank of America restated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

Take-Two Interactive Software Price Performance

TTWO opened at $156.61 on Thursday. Take-Two Interactive Software has a 1 year low of $130.34 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $27.45 billion, a price-to-earnings ratio of -7.13, a P/E/G ratio of 4.57 and a beta of 0.86. The firm’s fifty day moving average price is $151.70 and its two-hundred day moving average price is $150.87.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, analysts anticipate that Take-Two Interactive Software will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. boosted its position in shares of Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the last quarter. ORG Partners LLC grew its stake in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after buying an additional 166 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after buying an additional 143 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Take-Two Interactive Software by 155.1% in the 2nd quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at $37,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.