Take-Two Interactive Software (NASDAQ:TTWO) Sets New 52-Week High – Here’s Why

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) hit a new 52-week high during trading on Wednesday . The company traded as high as $220.37 and last traded at $219.05, with a volume of 85129 shares trading hands. The stock had previously closed at $217.95.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $225.00 target price (up from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. StockNews.com downgraded Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Monday, February 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Raymond James restated an “outperform” rating and set a $220.00 price target (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Ascendiant Capital Markets lifted their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average target price of $213.38.

Take-Two Interactive Software Stock Down 0.7 %

The firm’s 50-day simple moving average is $202.75 and its 200-day simple moving average is $182.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $37.82 billion, a price-to-earnings ratio of -10.05, a price-to-earnings-growth ratio of 6.83 and a beta of 0.82.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its holdings in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company’s stock worth $3,563,690,000 after purchasing an additional 99,909 shares during the period. State Street Corp boosted its stake in Take-Two Interactive Software by 8.8% during the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock worth $1,675,241,000 after buying an additional 880,816 shares in the last quarter. Capital International Investors increased its holdings in Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock valued at $899,036,000 after buying an additional 424,893 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Take-Two Interactive Software by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company’s stock worth $878,567,000 after acquiring an additional 13,555 shares during the period. 95.46% of the stock is 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.