Ascendiant Capital Markets Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price target raised by Ascendiant Capital Markets from $172.00 to $270.00 in a research report report published on Monday, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Oppenheimer raised their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Morgan Stanley raised their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus raised their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Raymond James restated an “outperform” rating and issued a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.38.

Take-Two Interactive Software Trading Down 1.9 %

NASDAQ TTWO opened at $208.05 on Monday. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $218.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a 50 day simple moving average of $193.75 and a two-hundred day simple moving average of $176.13. The stock has a market cap of $36.72 billion, a P/E ratio of -9.75, a price-to-earnings-growth ratio of 6.83 and a beta of 0.89.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its position in shares of Take-Two Interactive Software by 24.2% in the fourth quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock valued at $51,000 after acquiring an additional 54 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Take-Two Interactive Software by 0.3% in the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock valued at $3,157,000 after acquiring an additional 57 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Take-Two Interactive Software by 6.0% in the fourth quarter. Principal Securities Inc. now owns 1,024 shares of the company’s stock valued at $189,000 after acquiring an additional 58 shares in the last quarter. State of Wyoming lifted its position in shares of Take-Two Interactive Software by 13.0% in the fourth quarter. State of Wyoming now owns 522 shares of the company’s stock valued at $96,000 after acquiring an additional 60 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Take-Two Interactive Software by 2.0% in the fourth quarter. Y.D. More Investments Ltd now owns 3,061 shares of the company’s stock valued at $563,000 after acquiring an additional 61 shares in the last quarter. 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, 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.