Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Down – Here’s What Happened

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) gapped down prior to trading on Friday . The stock had previously closed at $235.17, but opened at $214.45. Take-Two Interactive Software shares last traded at $215.96, with a volume of 2,826,709 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTWO. DA Davidson assumed coverage on Take-Two Interactive Software in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price target for the company from $175.00 to $230.00 in a report on Monday, January 27th. Benchmark reissued a “buy” rating and set a $225.00 price objective (up from $210.00) on shares of Take-Two Interactive Software in a report on Friday, February 7th. Moffett Nathanson lifted their target price on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.86.

Take-Two Interactive Software Stock Performance

The company has a market capitalization of $38.74 billion, a P/E ratio of -10.29, a P/E/G ratio of 6.83 and a beta of 1.01. 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 business’s fifty day simple moving average is $210.94 and its 200-day simple moving average is $193.62.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Park Square Financial Group LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $28,000. Assetmark Inc. lifted its position in Take-Two Interactive Software by 155.9% in the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after buying an additional 106 shares during the last quarter. Versant Capital Management Inc boosted its stake in Take-Two Interactive Software by 87.0% during the fourth quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after buying an additional 87 shares during the period. North Capital Inc. bought a new position in Take-Two Interactive Software during the first quarter valued at $35,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of Take-Two Interactive Software in the first quarter valued at $37,000. 95.46% of the stock is owned by 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.