Wall Street Zen Downgrades Take-Two Interactive Software (NASDAQ:TTWO) to Sell

Take-Two Interactive Software (NASDAQ:TTWO) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other equities research analysts also recently commented on the stock. Moffett Nathanson boosted 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 report 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 research report on Friday, February 7th. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Benchmark boosted their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, Wedbush reissued an “outperform” rating and set a $269.00 target price (up from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.10.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $226.01 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $39.89 billion, a PE ratio of -10.60, a P/E/G ratio of 6.83 and a beta of 1.08. The firm has a fifty day simple moving average of $216.99 and a 200 day simple moving average of $200.25. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $240.78.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently made changes to their positions in TTWO. Geneos Wealth Management Inc. grew its holdings in shares of Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Take-Two Interactive Software by 0.6% during the 1st quarter. IFM Investors Pty Ltd now owns 30,600 shares of the company’s stock valued at $6,342,000 after purchasing an additional 171 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 4.6% during the 1st quarter. Intech Investment Management LLC now owns 24,269 shares of the company’s stock valued at $5,030,000 after purchasing an additional 1,062 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of Take-Two Interactive Software during the 1st quarter valued at $519,000. Finally, Game Plan Financial Advisors LLC bought a new position in shares of Take-Two Interactive Software during the 1st quarter valued at $31,000. Institutional investors 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.