Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $275.00

Key Points

• Benchmark has raised its price target for Take-Two Interactive Software from $250.00 to $275.00, indicating a potential upside of 22.59% based on the stock's current price.
• The stock has received mixed ratings from analysts, with one downgrade to a "sell" and various upgrades, leading to an overall average rating of "Moderate Buy."
• Institutional investment in Take-Two has been significant, with 95.46% of the stock owned by institutional investors, reflecting strong interest from market stakeholders.

Take-Two Interactive Software (NASDAQ:TTWO - Free Report) had its target price boosted by Benchmark from $250.00 to $275.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Citigroup increased their price target on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Wedbush raised shares of Take-Two Interactive Software to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Raymond James Financial reissued an "outperform" rating and issued a $250.00 price target (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.43.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded down $9.12 during mid-day trading on Friday, hitting $217.37. The company's stock had a trading volume of 5,617,284 shares, compared to its average volume of 1,739,752. Take-Two Interactive Software has a fifty-two week low of $141.34 and a fifty-two week high of $245.07. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of -9.08, a P/E/G ratio of 5.50 and a beta of 0.99. The stock has a fifty day moving average of $233.54 and a 200-day moving average of $219.28.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $237.80, for a total transaction of $98,449.20. Following the transaction, the director owned 3,290 shares of the company's stock, valued at approximately $782,362. This represents a 11.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider directly owned 152,271 shares in the company, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock worth $104,014,443 in the last quarter. 1.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in shares of Take-Two Interactive Software by 1.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 5,363 shares of the company's stock valued at $1,302,000 after acquiring an additional 67 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Take-Two Interactive Software by 43.2% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 4,020 shares of the company's stock valued at $976,000 after acquiring an additional 1,212 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Take-Two Interactive Software by 25.0% during the 2nd quarter. Intech Investment Management LLC now owns 30,330 shares of the company's stock valued at $7,366,000 after acquiring an additional 6,061 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Take-Two Interactive Software by 22.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,287 shares of the company's stock valued at $5,412,000 after acquiring an additional 4,123 shares during the last quarter. Finally, Creative Planning raised its position in shares of Take-Two Interactive Software by 12.5% during the 2nd quarter. Creative Planning now owns 37,184 shares of the company's stock valued at $9,030,000 after acquiring an additional 4,146 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Company Profile

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.