Morgan Stanley Issues Positive Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by research analysts at Morgan Stanley from $185.00 to $200.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 12.42% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Benchmark boosted their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Hsbc Global Res upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Robert W. Baird raised their price objective on shares of Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 target price on the stock. Finally, HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $188.05.

Take-Two Interactive Software Stock Down 0.7 %

TTWO stock opened at $177.90 on Thursday. The firm’s 50-day moving average is $156.75 and its two-hundred day moving average is $153.71. The company has a market capitalization of $31.18 billion, a price-to-earnings ratio of -8.41, a price-to-earnings-growth ratio of 5.09 and a beta of 0.85. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $180.53. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

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

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TTWO. QRG Capital Management Inc. raised its holdings in shares of 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 raised its holdings in Take-Two Interactive Software by 27.6% during the second quarter. Creative Planning now owns 26,244 shares of the company’s stock valued at $4,081,000 after buying an additional 5,681 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its position in shares of Take-Two Interactive Software by 30.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company’s stock worth $3,978,000 after buying an additional 6,027 shares during the last quarter. Beech Hill Advisors Inc. boosted its stake 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 worth $2,305,000 after acquiring an additional 7,769 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Take-Two Interactive Software by 103.7% during the 1st quarter. Russell Investments Group Ltd. now owns 45,316 shares of the company’s stock worth $6,718,000 after acquiring an additional 23,072 shares in the last quarter. 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. 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.