Take-Two Interactive Software (NASDAQ:TTWO) Rating Reiterated by Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research note issued on Wednesday, Benzinga reports. They currently have a $190.00 target price on the stock. Wedbush’s target price suggests a potential upside of 22.73% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Bank of America upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $185.00 in a research report on Thursday, May 23rd. HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Monday, August 12th. Robert W. Baird cut their price objective on Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.81.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $154.81 on Wednesday. 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 capitalization of $27.14 billion, a PE ratio of -7.04, a price-to-earnings-growth ratio of 4.34 and a beta of 0.84. Take-Two Interactive Software has a one year low of $130.34 and a one year high of $171.59. The business has a 50 day simple moving average of $151.23 and a 200 day simple moving average of $150.77.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP grew its stake in shares of Take-Two Interactive Software by 156.7% during the second quarter. Quarry LP now owns 421 shares of the company’s stock worth $65,000 after purchasing an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Take-Two Interactive Software by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 85,495 shares of the company’s stock valued at $13,294,000 after acquiring an additional 5,445 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Take-Two Interactive Software by 1.6% in the second quarter. Disciplined Growth Investors Inc. MN now owns 310,695 shares of the company’s stock valued at $48,310,000 after acquiring an additional 4,761 shares during the period. Creative Planning grew its stake in Take-Two Interactive Software by 27.6% in the second quarter. Creative Planning now owns 26,244 shares of the company’s stock valued at $4,081,000 after acquiring an additional 5,681 shares during the period. Finally, Scientech Research LLC grew its stake in Take-Two Interactive Software by 319.1% in the second quarter. Scientech Research LLC now owns 14,319 shares of the company’s stock valued at $2,226,000 after acquiring an additional 10,902 shares during the period. 95.46% of the stock is 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. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.