Take-Two Interactive Software (NASDAQ:TTWO) Given New $293.00 Price Target at Wells Fargo & Company

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective reduced by Wells Fargo & Company from $295.00 to $293.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on TTWO. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. B. Riley Financial began coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price for the company. UBS Group boosted their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Finally, Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $284.31.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $196.69 on Monday. The stock has a 50-day simple moving average of $205.89 and a 200-day simple moving average of $233.94. 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 stock has a market capitalization of $36.42 billion, a PE ratio of -8.79, a PEG ratio of 2.98 and a beta of 0.96. Take-Two Interactive Software has a 1 year low of $187.63 and a 1 year high of $264.79.

Insider Buying and Selling

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

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Norges Bank purchased a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $735,389,000. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 4.5% in 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 during the last quarter. AQR Capital Management LLC increased its holdings in shares of Take-Two Interactive Software by 162.1% in the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Take-Two Interactive Software by 53.1% in the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after purchasing an additional 505,000 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.