Take-Two Interactive Software (NASDAQ:TTWO) Upgraded by StockNews.com to “Hold” Rating

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts also recently weighed in on TTWO. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a report on Thursday. Stifel Nicolaus upped their target price on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Three equities 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 stock. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $194.25.

Take-Two Interactive Software Stock Up 1.0 %

NASDAQ TTWO opened at $190.03 on Friday. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $191.63. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $33.37 billion, a P/E ratio of -8.98, a price-to-earnings-growth ratio of 6.18 and a beta of 0.89. The stock’s 50-day moving average price is $167.92 and its 200-day moving average price is $158.79.

Insider Activity

In other news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares in the company, valued at $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in Take-Two Interactive Software by 8.8% during the 3rd quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after purchasing an additional 880,816 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Take-Two Interactive Software by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock valued at $828,994,000 after acquiring an additional 648,982 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in 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 worth $694,173,000 after purchasing an additional 666,198 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Take-Two Interactive Software by 10.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock worth $651,817,000 after purchasing an additional 417,325 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after purchasing an additional 134,767 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.