Raymond James reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO – Free Report) in a research report released on Friday,Benzinga reports. The firm currently has a $220.00 target price on the stock, up from their prior target price of $190.00.
A number of other equities research analysts have also recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research report on Monday, December 9th. Moffett Nathanson upped their price objective on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. TD Cowen upped their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.47.
Check Out Our Latest Research Report on TTWO
Take-Two Interactive Software Trading Up 14.0 %
Insiders Place Their Bets
In related news, insider Daniel P. Emerson sold 777 shares of the firm’s 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 owns 149,379 shares in the company, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.45% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of TTWO. Wealthfront Advisers LLC boosted its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock valued at $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in Take-Two Interactive Software by 25.9% in the fourth quarter. Citizens Financial Group Inc. RI now owns 2,845 shares of the company’s stock valued at $524,000 after buying an additional 586 shares in the last quarter. Davis R M Inc. grew its stake in Take-Two Interactive Software by 4.9% during the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock worth $42,233,000 after buying an additional 10,701 shares during the last quarter. Independent Advisor Alliance increased its holdings in shares of Take-Two Interactive Software by 10.8% during the fourth quarter. Independent Advisor Alliance now owns 5,692 shares of the company’s stock worth $1,048,000 after buying an additional 555 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Take-Two Interactive Software by 10.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 41,174 shares of the company’s stock valued at $7,579,000 after acquiring an additional 3,941 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
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.
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