Take-Two Interactive Software’s (TTWO) “Buy” Rating Reaffirmed at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report report published on Monday morning,Benzinga reports. They currently have a $293.00 target price on the stock.

TTWO has been the subject of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Wells Fargo & Company boosted their target price on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. BMO Capital Markets upped their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, Bank of America lifted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $294.44.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $243.95 on Monday. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $45.29 billion, a P/E ratio of -150.59, a price-to-earnings-growth ratio of 4.44 and a beta of 0.96. The business’s fifty day moving average is $233.65 and its 200-day moving average is $221.66.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the transaction, the director directly owned 1,833 shares in the company, valued at approximately $462,887.49. The trade was a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 569,936 shares of company stock worth $128,431,438 in the last three months. 1.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Take-Two Interactive Software during the 1st quarter worth approximately $425,000. Empowered Funds LLC boosted its holdings in shares of Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after buying an additional 388 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after acquiring an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Take-Two Interactive Software during the second quarter worth $2,747,000. Finally, Jump Financial LLC increased its position in shares of Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,650 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.