Analysts Set Take-Two Interactive Software, Inc. (TTWO) PT at $111.00

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has earned a consensus recommendation of “Buy” from the twenty-four research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $111.00.

TTWO has been the topic of several research analyst reports. Benchmark Co. restated a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $108.00 price objective (up from $91.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and issued a $96.00 price objective (up from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. KeyCorp set a $104.00 price objective on Take-Two Interactive Software and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, MKM Partners restated a “buy” rating and issued a $97.00 price objective (up from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $116.49, for a total transaction of $3,611,655.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the sale, the director now directly owns 4,777 shares in the company, valued at $566,074.50. The disclosure for this sale can be found here. Insiders have sold 66,504 shares of company stock worth $7,729,606 over the last three months. 1.55% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $708,000. Insight Capital Research & Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 26.2% in the third quarter. Insight Capital Research & Management Inc. now owns 21,277 shares of the company’s stock valued at $2,175,000 after purchasing an additional 4,415 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Take-Two Interactive Software by 36.7% in the third quarter. Neuberger Berman Group LLC now owns 300,000 shares of the company’s stock valued at $30,669,000 after purchasing an additional 80,600 shares during the period. Alkeon Capital Management LLC boosted its holdings in shares of Take-Two Interactive Software by 10.1% in the third quarter. Alkeon Capital Management LLC now owns 2,843,630 shares of the company’s stock valued at $290,705,000 after purchasing an additional 260,000 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Take-Two Interactive Software by 1.1% in the third quarter. California Public Employees Retirement System now owns 225,234 shares of the company’s stock valued at $23,026,000 after purchasing an additional 2,534 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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Take-Two Interactive Software (TTWO) traded up $1.53 during midday trading on Monday, reaching $118.90. The company had a trading volume of 1,652,083 shares, compared to its average volume of 1,885,133. The stock has a market capitalization of $13,560.00, a P/E ratio of 46.44, a PEG ratio of 3.45 and a beta of 0.82. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. Take-Two Interactive Software has a 12 month low of $46.27 and a 12 month high of $120.62.

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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