Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective upped by Wells Fargo & Company from $277.00 to $288.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 11.90% from the company’s previous close.

Several other research analysts also recently commented on the stock. Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. B. Riley started coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective on the stock. DA Davidson increased their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. CICC Research began coverage on Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 target price on the stock. Finally, Wall Street Zen lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Twenty research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.86.

Take-Two Interactive Software Trading Up 0.3%

Shares of TTWO traded up $0.70 during trading hours on Thursday, hitting $257.37. The company had a trading volume of 171,958 shares, compared to its average volume of 927,108. Take-Two Interactive Software has a 52-week low of $177.35 and a 52-week high of $264.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $246.62 and its 200 day moving average price is $243.36. The firm has a market cap of $47.56 billion, a P/E ratio of -11.41, a P/E/G ratio of 4.06 and a beta of 0.92.

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

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 182 shares of the firm’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 transaction, the director owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,007 shares of company stock worth $247,095. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in TTWO. ORG Partners LLC raised its position in shares of Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. increased its stake in Take-Two Interactive Software by 101.9% during the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software in the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Take-Two Interactive Software in the second quarter worth about $27,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $29,000. 95.46% of the stock is owned by institutional investors.

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.