Wedbush Reiterates “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by Wedbush in a report released on Friday, MarketBeat.com reports. They currently have a $269.00 target price on the stock, up from their prior target price of $253.00. Wedbush’s price target points to a potential upside of 18.64% from the company’s previous close.

Several other analysts also recently weighed in on TTWO. UBS Group raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their target price for the company from $175.00 to $230.00 in a research note on Monday, January 27th. BMO Capital Markets restated 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. StockNews.com upgraded shares of Take-Two Interactive Software from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Moffett Nathanson raised their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Raymond James reissued 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. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.48.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $226.74 on Friday. The firm’s 50 day moving average is $214.89 and its two-hundred day moving average is $198.61. The firm has a market capitalization of $40.02 billion, a P/E ratio of -10.63, a PEG ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick 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.

Institutional Trading of Take-Two Interactive Software

Several institutional investors have recently made changes to their positions in the stock. 1 North Wealth Services LLC acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $29,000. Park Square Financial Group LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $28,000. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at approximately $35,000. Assetmark Inc. raised its position in Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock valued at $32,000 after acquiring an additional 106 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Take-Two Interactive Software during the first quarter valued at approximately $37,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.