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

Take-Two Interactive Software (NASDAQ:TTWO) had its target price raised by Benchmark from $225.00 to $250.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 10.26% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $230.00 in a research report on Monday, January 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Moffett Nathanson upped their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their target price 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. Finally, Wedbush restated an “outperform” rating and issued a $215.00 price target on shares of Take-Two Interactive Software in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.48.

Take-Two Interactive Software Stock Down 2.4%

NASDAQ:TTWO opened at $226.74 on Friday. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $240.78. The company has a 50-day moving average of $214.89 and a 200 day moving average of $198.61. The firm has a market cap of $40.02 billion, a PE ratio of -10.63, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the stock. Moody Lynn & Lieberson LLC raised its stake in Take-Two Interactive Software by 0.9% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company’s stock worth $1,050,000 after acquiring an additional 45 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Take-Two Interactive Software by 8.1% during the first quarter. Brooklyn Investment Group now owns 669 shares of the company’s stock worth $139,000 after purchasing an additional 50 shares during the period. Adero Partners LLC boosted its position in Take-Two Interactive Software by 2.9% in the first quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock valued at $370,000 after buying an additional 51 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Take-Two Interactive Software by 24.2% in the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after buying an additional 54 shares during the period. Finally, Fifth Third Bancorp raised its position in Take-Two Interactive Software by 0.3% during the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company’s stock worth $3,157,000 after buying an additional 57 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.