Take-Two Interactive Software (NASDAQ:TTWO) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a neutral rating to a buy rating in a research note published on Monday morning, MarketBeat reports. They currently have $230.00 price objective on the stock, up from their previous price objective of $175.00.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Monday, December 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. StockNews.com upgraded Take-Two Interactive Software from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Morgan Stanley raised their price target on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.47.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $190.09 on Monday. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $192.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $185.67 and its 200 day moving average is $166.78. The company has a market cap of $33.39 billion, a price-to-earnings ratio of -8.98, a PEG ratio of 5.84 and a beta of 0.89.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares in the company, valued at approximately $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the sale, the director now owns 9,692 shares in the company, valued at approximately $1,736,515.64. This represents a 17.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently made changes to their positions in TTWO. State Street Corp increased its holdings in Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after buying an additional 880,816 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Take-Two Interactive Software by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after purchasing an additional 648,982 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Take-Two Interactive Software by 1,780.1% in the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after buying an additional 436,150 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Take-Two Interactive Software by 10.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock valued at $651,817,000 after buying an additional 417,325 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Take-Two Interactive Software by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after acquiring an additional 134,767 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.