Take-Two Interactive Software (NASDAQ:TTWO) Hits New 1-Year High Following Analyst Upgrade

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares hit a new 52-week high during trading on Friday after UBS Group raised their price target on the stock from $230.00 to $275.00. UBS Group currently has a buy rating on the stock. Take-Two Interactive Software traded as high as $240.78 and last traded at $232.47, with a volume of 1042193 shares traded. The stock had previously closed at $232.34.

Several other research analysts have also weighed in on TTWO. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday. Raymond James reissued an “outperform” rating and set a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday. Ascendiant Capital Markets upped their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Wedbush reaffirmed an “outperform” rating and issued a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a research report on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Two equities research analysts have rated the stock with 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.48.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in TTWO. Park Square Financial Group LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $28,000. 1 North Wealth Services LLC acquired a new stake in Take-Two Interactive Software during the 1st quarter worth approximately $29,000. Assetmark Inc. lifted its holdings in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares during the last quarter. North Capital Inc. acquired a new stake in Take-Two Interactive Software during the 1st quarter worth approximately $35,000. Finally, Graybill Wealth Management LTD. acquired a new stake in Take-Two Interactive Software during the 1st quarter worth approximately $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08. 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 company has a fifty day simple moving average of $214.89 and a two-hundred day simple moving average of $198.36.

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.