UBS Group Issues Positive Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO) had its price target hoisted by UBS Group from $292.00 to $300.00 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts have also commented on TTWO. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Wells Fargo & Company upped their target price on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Jefferies Financial Group boosted their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Arete Research upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus price target of $273.11.

Take-Two Interactive Software Price Performance

TTWO stock opened at $243.18 on Wednesday. Take-Two Interactive Software has a 12-month low of $181.86 and a 12-month high of $264.79. The company has a market cap of $44.93 billion, a price-to-earnings ratio of -10.76, a PEG ratio of 3.92 and a beta of 0.92. The firm has a 50 day moving average of $246.87 and a 200-day moving average of $243.81. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.08) earnings per share. As a group, equities analysts expect that Take-Two Interactive Software will post 0.97 EPS for the current fiscal year.

Insider Activity

In related news, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director owned 2,429 shares of the company’s stock, valued at $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 182 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,010 shares of company stock valued at $242,102 in the last ninety days. Corporate insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at $731,047,000. Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after buying an additional 932,659 shares in the last quarter. Invesco Ltd. grew its holdings in Take-Two Interactive Software by 17.3% during the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after acquiring an additional 515,484 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Take-Two Interactive Software in the third quarter worth about $112,847,000. Finally, State Street Corp lifted its holdings in Take-Two Interactive Software by 4.1% in the 3rd quarter. State Street Corp now owns 11,012,647 shares of the company’s stock valued at $2,845,084,000 after acquiring an additional 429,083 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

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.