Take-Two Interactive Software, Inc. (TTWO) Price Target Raised to $127.00

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price target increased by Buckingham Research from $120.00 to $127.00 in a report released on Wednesday. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on TTWO. Jefferies Group LLC reissued a buy rating and issued a $140.00 price objective (up from $3.00) on shares of Take-Two Interactive Software in a research note on Wednesday. Wedbush reissued a neutral rating and issued a $95.00 price objective (up from $66.00) on shares of Take-Two Interactive Software in a research note on Wednesday. Benchmark Co. boosted their price objective on Take-Two Interactive Software from $110.00 to $125.00 and gave the company a buy rating in a research note on Wednesday. MKM Partners reissued a buy rating and issued a $97.00 price objective (up from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $125.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $110.15.

Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up $0.52 during trading hours on Wednesday, hitting $115.68. The stock had a trading volume of 2,089,700 shares, compared to its average volume of 1,881,745. The firm has a market cap of $13,134.36, a P/E ratio of 44.98, a price-to-earnings-growth ratio of 4.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.43. Take-Two Interactive Software has a 12 month low of $46.05 and a 12 month high of $120.62.

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In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the sale, the director now directly owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TTWO. Gateway Investment Advisers LLC bought a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $6,544,000. Creative Planning grew its holdings in shares of Take-Two Interactive Software by 338.7% in the second quarter. Creative Planning now owns 4,492 shares of the company’s stock valued at $330,000 after acquiring an additional 3,468 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after acquiring an additional 957 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Take-Two Interactive Software by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,625 shares of the company’s stock valued at $2,761,000 after acquiring an additional 1,588 shares in the last quarter. Finally, Crow Point Partners LLC grew its holdings in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after acquiring an additional 689 shares in the last quarter. 97.39% of the stock is owned by institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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