Take-Two Interactive Software (NASDAQ:TTWO) Raised to “Hold” at StockNews.com

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

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their target price on 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. Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. TD Cowen boosted their target price on Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Redburn Atlantic initiated 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 objective on the stock. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.25.

Take-Two Interactive Software Trading Up 1.0 %

Shares of TTWO opened at $190.03 on Friday. The stock has a market capitalization of $33.37 billion, a P/E ratio of -8.98, a PEG ratio of 6.18 and a beta of 0.89. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month 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 firm has a fifty day simple moving average of $167.92 and a two-hundred day simple moving average of $158.79.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $179.17, for a total transaction of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares of the company’s stock, valued at $1,736,515.64. This trade represents a 17.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its position in shares of Take-Two Interactive Software by 488.7% during the first quarter. Cetera Investment Advisers now owns 13,281 shares of the company’s stock valued at $1,972,000 after buying an additional 11,025 shares during the last quarter. Cetera Advisors LLC boosted its position in Take-Two Interactive Software by 68.3% in the first quarter. Cetera Advisors LLC now owns 2,210 shares of the company’s stock worth $328,000 after purchasing an additional 897 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Take-Two Interactive Software by 6.0% during the 2nd quarter. Park Avenue Securities LLC now owns 3,557 shares of the company’s stock valued at $553,000 after purchasing an additional 200 shares during the period. OLD National Bancorp IN lifted its stake in shares of Take-Two Interactive Software by 30.5% in the 2nd quarter. OLD National Bancorp IN now owns 1,782 shares of the company’s stock worth $277,000 after purchasing an additional 417 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Take-Two Interactive Software by 18.9% in the 2nd quarter. QRG Capital Management Inc. now owns 17,145 shares of the company’s stock worth $2,666,000 after purchasing an additional 2,720 shares during the period. 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.