Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Average Recommendation of “Moderate Buy” by Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $284.4375.

TTWO has been the subject of several recent research reports. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on shares of Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Arete Research upgraded shares of 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. Finally, Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 155 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total transaction of $30,183.15. Following the sale, the director directly owned 65,626 shares in the company, valued at $12,779,350.98. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Dornemann sold 1,390 shares of Take-Two Interactive Software stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $213.09, for a total value of $296,195.10. Following the completion of the transaction, the director owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 65,293 shares of company stock valued at $13,994,803. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at approximately $731,047,000. Vanguard Group Inc. increased its holdings in Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after acquiring an additional 932,659 shares in the last quarter. AQR Capital Management LLC raised its position in Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the period. Alyeska Investment Group L.P. raised its position in Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after acquiring an additional 568,263 shares during the period. Finally, Invesco Ltd. lifted 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 valued at $847,711,000 after purchasing an additional 515,484 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $200.63 on Friday. The stock has a 50-day simple moving average of $216.35 and a two-hundred day simple moving average of $237.87. The firm has a market capitalization of $37.15 billion, a P/E ratio of -8.96, a PEG ratio of 8.26 and a beta of 0.94. Take-Two Interactive Software has a fifty-two week low of $188.56 and a fifty-two 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.

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.