UBS Group Issues Positive Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO) had its target price upped by UBS Group from $156.00 to $175.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Benchmark raised their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group raised their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Morgan Stanley lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Trading Down 1.3 %

Take-Two Interactive Software stock traded down $2.26 during mid-day trading on Thursday, reaching $176.91. 1,394,555 shares of the company traded hands, compared to its average volume of 1,613,286. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $180.53. The firm has a market capitalization of $31.01 billion, a price-to-earnings ratio of -8.35, a P/E/G ratio of 5.09 and a beta of 0.85. 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 firm’s 50 day moving average price is $156.43 and its 200 day moving average price is $153.44.

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

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the business. Hartford Investment Management Co. grew its holdings in Take-Two Interactive Software by 0.7% during the 3rd quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after acquiring an additional 74 shares in the last quarter. Huntington National Bank grew its stake in Take-Two Interactive Software by 9.3% in the 3rd quarter. Huntington National Bank now owns 896 shares of the company’s stock valued at $138,000 after acquiring an additional 76 shares during the period. Chicago Capital LLC grew its stake in Take-Two Interactive Software by 2.9% in the 3rd quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after acquiring an additional 85 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Take-Two Interactive Software by 15.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after purchasing an additional 91 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Take-Two Interactive Software by 5.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,622 shares of the company’s stock valued at $249,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.