Take-Two Interactive Software (NASDAQ:TTWO) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Take-Two Interactive Software (NASDAQ:TTWO) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on TTWO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Morgan Stanley raised their target price on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $283.94.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $193.67 on Thursday. The firm has a market capitalization of $35.86 billion, a P/E ratio of -8.65, a PEG ratio of 10.34 and a beta of 0.92. Take-Two Interactive Software has a 52 week low of $188.56 and a 52 week high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average price of $238.17 and a 200 day moving average price of $241.81.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AGF Management Ltd. increased its position in shares of Take-Two Interactive Software by 33.1% during the third quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock worth $18,816,000 after purchasing an additional 18,119 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Take-Two Interactive Software by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,024,509 shares of the company’s stock worth $264,692,000 after buying an additional 18,959 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in Take-Two Interactive Software during the third quarter worth approximately $10,948,000. Swiss National Bank lifted its stake in Take-Two Interactive Software by 7.9% in the second quarter. Swiss National Bank now owns 534,308 shares of the company’s stock valued at $129,757,000 after buying an additional 38,900 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $731,047,000. Hedge funds and other institutional investors 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.