Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Citigroup Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price objective lifted by equities researchers at Citigroup from $260.00 to $270.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 19.55% from the stock's previous close.

Several other equities analysts also recently commented on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Morgan Stanley upped their target price on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Raymond James Financial restated an "outperform" rating and set a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Finally, DA Davidson upped their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $232.50.

Take-Two Interactive Software Trading Up 0.0%

NASDAQ:TTWO traded up $0.11 during midday trading on Wednesday, reaching $225.86. 273,001 shares of the stock traded hands, compared to its average volume of 2,030,021. The stock has a market capitalization of $40.07 billion, a P/E ratio of -8.90, a PEG ratio of 5.95 and a beta of 1.03. The company has a fifty day moving average of $234.39 and a 200 day moving average of $215.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $245.07.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total transaction of $98,449.20. Following the completion of the sale, the director directly owned 3,290 shares in the company, valued at approximately $782,362. This trade represents a 11.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the president directly owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,792 shares of company stock valued at $104,014,443 over the last ninety days. Insiders own 1.45% of the company's stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in shares of Take-Two Interactive Software by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,612 shares of the company's stock worth $1,401,000 after purchasing an additional 253 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Take-Two Interactive Software in the 4th quarter worth about $302,000. TD Private Client Wealth LLC increased its holdings in Take-Two Interactive Software by 9.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,087 shares of the company's stock worth $200,000 after buying an additional 98 shares in the last quarter. Sei Investments Co. grew its stake in shares of Take-Two Interactive Software by 14.3% in the fourth quarter. Sei Investments Co. now owns 76,755 shares of the company's stock worth $14,129,000 after acquiring an additional 9,614 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Take-Two Interactive Software by 8.6% in the fourth quarter. LPL Financial LLC now owns 100,872 shares of the company's stock worth $18,569,000 after acquiring an additional 7,949 shares during the period. Institutional investors 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.