Take-Two Interactive Software (NASDAQ:TTWO) Upgraded to "Buy" by Citigroup

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) was upgraded by Citigroup from a "neutral" rating to a "buy" rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has a $200.00 price target on the stock, up from their prior price target of $170.00. Citigroup's price target points to a potential upside of 30.17% from the stock's current price.

A number of other brokerages have also issued reports on TTWO. Benchmark raised their target price on Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, January 22nd. Stifel Nicolaus reiterated a "buy" rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Wedbush reiterated an "outperform" rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, February 9th. Roth Mkm lifted their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Finally, Wolfe Research initiated coverage on Take-Two Interactive Software in a research note on Tuesday, December 12th. They set an "outperform" rating and a $186.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.04.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $2.61 during midday trading on Monday, reaching $153.65. The stock had a trading volume of 1,434,219 shares, compared to its average volume of 1,679,421. The stock has a market cap of $26.21 billion, a PE ratio of -17.91, a P/E/G ratio of 1.29 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a fifty day simple moving average of $151.96 and a two-hundred day simple moving average of $151.76. Take-Two Interactive Software has a 52-week low of $117.35 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. As a group, equities research analysts anticipate that Take-Two Interactive Software will post 0.87 EPS for the current year.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now owns 63,645 shares of the company's stock, valued at approximately $9,910,799.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.37% of the company's stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Wellington Management Group LLP increased its position in shares of Take-Two Interactive Software by 192.4% during the third quarter. Wellington Management Group LLP now owns 62,762 shares of the company's stock worth $8,811,000 after acquiring an additional 41,297 shares during the period. Laurion Capital Management LP purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth $17,169,000. Rheos Capital Works Inc. increased its position in shares of Take-Two Interactive Software by 380.3% during the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company's stock worth $38,419,000 after acquiring an additional 189,000 shares during the period. Mariner LLC increased its position in shares of Take-Two Interactive Software by 223.2% during the third quarter. Mariner LLC now owns 497,060 shares of the company's stock worth $69,783,000 after acquiring an additional 343,277 shares during the period. Finally, Caxton Associates LP increased its position in shares of Take-Two Interactive Software by 4,029.8% during the third quarter. Caxton Associates LP now owns 70,000 shares of the company's stock worth $9,827,000 after acquiring an additional 68,305 shares during the period. Hedge funds and other institutional investors 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. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.