Take-Two Interactive Software (NASDAQ:TTWO) Upgraded 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 note published on Tuesday morning, Marketbeat reports. They currently have $285.00 target price on the stock.

TTWO has been the topic of several other reports. Jefferies Financial Group raised their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Wall Street Zen lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. BMO Capital Markets increased their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, B. Riley Financial began 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 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $283.94.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $190.36 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $35.25 billion, a PE ratio of -8.51, a PEG ratio of 10.89 and a beta of 0.92. The firm has a 50 day moving average of $239.26 and a 200-day moving average of $241.92. Take-Two Interactive Software has a 12 month low of $188.56 and a 12 month high of $264.79.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director directly owned 2,429 shares in the company, valued at $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software 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 directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TTWO. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $25,000. Blue Trust Inc. boosted its position in Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 53 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Take-Two Interactive Software during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 2nd quarter worth about $27,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $28,000. 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.