Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, TD Cowen Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by TD Cowen from $176.00 to $211.00 in a report released on Friday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Bank of America reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. Morgan Stanley raised their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $191.75.

Take-Two Interactive Software Stock Down 0.3 %

TTWO opened at $187.62 on Friday. The company has a 50 day moving average of $162.89 and a 200 day moving average of $156.84. The company has a market cap of $32.95 billion, a PE ratio of -8.87, a price-to-earnings-growth ratio of 5.67 and a beta of 0.85. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $190.43. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Insider Activity

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction on Friday, November 8th. The shares were sold at an average price of $179.17, for a total value of $358,340.00. Following the transaction, the director now owns 9,692 shares in the company, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of large investors have recently added to or reduced their stakes in TTWO. Ninety One UK Ltd raised its position in Take-Two Interactive Software by 473.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares during the period. State Street Corp raised its position in Take-Two Interactive Software by 8.8% in the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after purchasing an additional 880,816 shares during the period. Point72 Asset Management L.P. grew its holdings in Take-Two Interactive Software by 3,786.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after acquiring an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after acquiring an additional 666,198 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Take-Two Interactive Software by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after acquiring an additional 648,982 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.