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

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by equities researchers at DA Davidson from $250.00 to $270.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 19.08% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and upped their price target for the company from $175.00 to $230.00 in a report on Monday, January 27th. Moffett Nathanson upped 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 note on Friday, February 7th. 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 report on Friday, February 7th. Benchmark reissued a “buy” rating and issued a $225.00 target price (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $215.00 price objective on shares of Take-Two Interactive Software in a report on Friday, February 7th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.48.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $226.74 on Friday. The stock has a 50 day simple moving average of $214.89 and a 200 day simple moving average of $198.61. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $240.78. 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 firm has a market capitalization of $40.02 billion, a PE ratio of -10.63, a P/E/G ratio of 6.83 and a beta of 1.08.

Institutional Inflows and Outflows

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

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.