TD Cowen Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $176.00

Take-Two Interactive Software (NASDAQ:TTWO) had its target price raised by TD Cowen from $173.00 to $176.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

TTWO has been the subject of a number of other reports. Bank of America reaffirmed a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Finally, UBS Group increased their price objective on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.05.

Take-Two Interactive Software Stock Down 0.7 %

Shares of TTWO traded down $1.27 during midday trading on Thursday, reaching $177.90. The stock had a trading volume of 2,202,982 shares, compared to its average volume of 1,617,011. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $180.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $31.18 billion, a price-to-earnings ratio of -8.35, a PEG ratio of 5.09 and a beta of 0.85. The company’s fifty day simple moving average is $156.43 and its two-hundred day simple moving average is $153.44.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities research analysts expect that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds have recently added to or reduced their stakes in the company. Ninety One UK Ltd lifted its position in shares of Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after buying an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Take-Two Interactive Software by 2,224.9% during the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares during the period. Point72 Asset Management L.P. grew its holdings in Take-Two Interactive Software by 3,786.4% during the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock valued at $128,442,000 after purchasing an additional 804,793 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after buying an additional 666,198 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Take-Two Interactive Software by 1,780.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock worth $70,807,000 after acquiring an additional 436,150 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.