Take-Two Interactive Software (TTWO) Coverage Initiated by Analysts at BTIG Research

BTIG Research began coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report released on Monday morning. The brokerage issued a buy rating and a $142.00 price objective on the stock.

Several other equities analysts have also recently issued reports on TTWO. Barclays assumed coverage on Take-Two Interactive Software in a report on Wednesday, October 4th. They issued an overweight rating and a $115.00 price objective for the company. KeyCorp reissued a buy rating on shares of Take-Two Interactive Software in a report on Tuesday, October 17th. Buckingham Research assumed coverage on Take-Two Interactive Software in a report on Wednesday, September 20th. They issued a buy rating and a $120.00 price objective for the company. Piper Jaffray Companies reissued a buy rating and issued a $125.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, November 8th. Finally, Credit Suisse Group reaffirmed a hold rating and issued a $116.00 price target on shares of Take-Two Interactive Software in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given 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 price target of $114.23.

Take-Two Interactive Software (TTWO) opened at $110.32 on Monday. The stock has a market capitalization of $12,681.56, a PE ratio of 43.43, a PEG ratio of 3.22 and a beta of 0.81. 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 fifty-two week low of $48.58 and a fifty-two week high of $120.62.

In related news, CEO Strauss Zelnick sold 31,004 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $116.49, for a total value of $3,611,655.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $115.54, for a total value of $3,466,200.00. Following the completion of the transaction, the chief financial officer now owns 351,019 shares of the company’s stock, valued at $40,556,735.26. The disclosure for this sale can be found here. Insiders sold 66,504 shares of company stock valued at $7,729,606 over the last quarter. 1.55% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Cigna Investments Inc. New lifted its stake in Take-Two Interactive Software by 1.3% during the second quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock worth $291,000 after purchasing an additional 52 shares in the last quarter. J.P. Marvel Investment Advisors LLC lifted its stake in Take-Two Interactive Software by 0.3% during the second quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock worth $1,553,000 after purchasing an additional 63 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Take-Two Interactive Software by 2.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,154 shares of the company’s stock worth $1,112,000 after purchasing an additional 340 shares in the last quarter. Symphony Asset Management LLC lifted its stake in Take-Two Interactive Software by 4.1% during the second quarter. Symphony Asset Management LLC now owns 12,653 shares of the company’s stock worth $929,000 after purchasing an additional 493 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Take-Two Interactive Software by 0.3% during the third quarter. Teacher Retirement System of Texas now owns 183,981 shares of the company’s stock worth $18,808,000 after purchasing an additional 562 shares in the last quarter. Institutional investors own 91.15% of the company’s stock.

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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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