Take-Two Interactive Software (NASDAQ:TTWO) Rating Increased to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from an outperform rating to a strong-buy rating in a research report report published on Tuesday morning, Marketbeat reports. Raymond James Financial currently has $285.00 price target on the stock.

A number of other research analysts also recently weighed in on the company. Morgan Stanley lifted their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. Wells Fargo & Company increased their price target on shares of Take-Two Interactive Software from $288.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $283.94.

Take-Two Interactive Software Stock Up 2.8%

Shares of NASDAQ:TTWO opened at $210.71 on Tuesday. The firm has a 50 day simple moving average of $241.22 and a 200 day simple moving average of $242.55. Take-Two Interactive Software has a 52 week low of $188.56 and a 52 week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $39.02 billion, a PE ratio of -9.42, a price-to-earnings-growth ratio of 10.95 and a beta of 0.92.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at $596,270.92. The trade was a 14.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,010 shares of company stock worth $242,102 over the last three months. 1.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after purchasing an additional 166,661 shares during the period. State Street Corp increased its position 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 worth $2,845,084,000 after buying an additional 429,083 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Take-Two Interactive Software by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock worth $1,341,789,000 after buying an additional 166,867 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after acquiring an additional 60,893 shares during the period. Finally, Invesco Ltd. increased its position 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. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.