Brokerages Set Take-Two Interactive Software, Inc. (NASDAQ:TTWO) PT at $185.85

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been given an average recommendation of “Buy” by the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $185.85.

TTWO has been the subject of several analyst reports. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, August 12th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently made changes to their positions in TTWO. Vanguard Group Inc. increased its holdings in shares of Take-Two Interactive Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock valued at $2,809,561,000 after purchasing an additional 156,563 shares during the last quarter. Capital World Investors grew its stake in shares of Take-Two Interactive Software by 2.1% in the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after buying an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Take-Two Interactive Software by 4.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock valued at $737,684,000 after buying an additional 192,774 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock valued at $694,173,000 after buying an additional 666,198 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Take-Two Interactive Software by 1.8% in the first quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after buying an additional 48,909 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $155.43 on Friday. The company has a 50-day moving average of $152.64 and a 200-day moving average of $151.86. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of -6.98, a PEG ratio of 4.46 and a beta of 0.86. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. As a group, equities research analysts anticipate that Take-Two Interactive Software will post 1.06 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.