Raymond James Reaffirms Outperform Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating restated by equities research analysts at Raymond James in a report released on Friday,Benzinga reports. They presently have a $250.00 price objective on the stock, up from their previous price objective of $240.00. Raymond James’ target price points to a potential upside of 10.26% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Benchmark upped their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price objective on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Morgan Stanley dropped their price objective on shares of Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Two 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 MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $225.48.

Take-Two Interactive Software Stock Down 2.4%

NASDAQ:TTWO opened at $226.74 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $240.78. The firm’s 50 day simple moving average is $214.89 and its 200 day simple moving average is $198.61. The company has a market cap 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

Several institutional investors have recently modified their holdings of the stock. Davis R M Inc. grew its position in Take-Two Interactive Software by 4.9% in the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock worth $42,233,000 after acquiring an additional 10,701 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $1,442,000. Legacy Trust lifted its holdings in shares of Take-Two Interactive Software by 8.9% in the 4th quarter. Legacy Trust now owns 25,772 shares of the company’s stock worth $4,744,000 after acquiring an additional 2,115 shares during the last quarter. Summit Place Financial Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $748,000. Finally, Fisher Asset Management LLC purchased a new position in Take-Two Interactive Software in the 4th quarter worth $259,000. 95.46% of the stock is currently owned by 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.