Robert W. Baird Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by equities research analysts at Robert W. Baird from $210.00 to $230.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 1.44% from the company’s current price.

A number of other research firms have also issued reports on TTWO. Wedbush reiterated an “outperform” rating and issued a $269.00 target price (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday. Ascendiant Capital Markets boosted their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. BMO Capital Markets restated an “outperform” rating and set a $236.00 target price (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Moffett Nathanson lifted their price target 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. Finally, Oppenheimer increased their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Two investment 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. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.48.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $226.74 on Friday. The firm has a 50 day moving average of $214.89 and a two-hundred day moving average of $198.61. The stock 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. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $240.78.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently bought and sold shares of TTWO. Park Avenue Securities LLC increased its position in shares of Take-Two Interactive Software by 16.3% during the fourth quarter. Park Avenue Securities LLC now owns 3,703 shares of the company’s stock worth $682,000 after purchasing an additional 518 shares in the last quarter. Eagle Rock Investment Company LLC grew its stake in Take-Two Interactive Software by 78.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 21,559 shares of the company’s stock worth $3,969,000 after buying an additional 9,465 shares during the last quarter. Empirical Asset Management LLC purchased a new position in Take-Two Interactive Software during the 4th quarter worth approximately $6,421,000. Everpar Advisors LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth approximately $223,000. Finally, Avanza Fonder AB purchased a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $2,448,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.