Take-Two Interactive Software (NASDAQ:TTWO) Given New $182.00 Price Target at Roth Mkm

Take-Two Interactive Software (NASDAQ:TTWO) had its target price increased by Roth Mkm from $180.00 to $182.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus increased their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Morgan Stanley increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Finally, UBS Group increased their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $188.05.

Take-Two Interactive Software Trading Down 1.3 %

Shares of TTWO stock traded down $2.26 on Thursday, hitting $176.91. The stock had a trading volume of 1,394,555 shares, compared to its average volume of 1,613,286. The company’s 50 day moving average price is $156.43 and its 200-day moving average price is $153.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $180.53. The firm has a market capitalization of $31.01 billion, a P/E ratio of -8.35, a P/E/G ratio of 5.09 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 0.49% and a negative net margin of 66.38%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Analysts anticipate that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of large investors have recently added to or reduced their stakes in TTWO. QRG Capital Management Inc. increased its stake in Take-Two Interactive Software by 169.7% during the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock valued at $2,142,000 after purchasing an additional 9,076 shares in the last quarter. Creative Planning lifted its stake in Take-Two Interactive Software by 27.6% during the 2nd 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. University of Texas Texas AM Investment Management Co. increased its holdings in Take-Two Interactive Software by 30.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company’s stock worth $3,978,000 after acquiring an additional 6,027 shares in the last quarter. Beech Hill Advisors Inc. boosted its position in shares of Take-Two Interactive Software by 107.5% during the 3rd quarter. Beech Hill Advisors Inc. now owns 14,999 shares of the company’s stock valued at $2,305,000 after acquiring an additional 7,769 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Take-Two Interactive Software by 103.7% in the first quarter. Russell Investments Group Ltd. now owns 45,316 shares of the company’s stock worth $6,718,000 after purchasing an additional 23,072 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.