Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $260.00 at Raymond James Financial

Key Points

• Raymond James Financial has increased its price target for Take-Two Interactive Software from $250.00 to $260.00, suggesting an 18.20% potential upside from the current stock price.
• Despite the positive outlook from some analysts, the average rating for Take-Two Interactive is "Moderate Buy", with an average price target of $240.76.
• Institutional ownership is notably high, with 95.46% of the company's stock held by institutional investors and hedge funds.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price objective hoisted by equities research analysts at Raymond James Financial from $250.00 to $260.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price target indicates a potential upside of 15.77% from the stock's current price.

TTWO has been the topic of several other research reports. DA Davidson boosted their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. UBS Group upped their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Citigroup upped their price objective on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $242.43.

Take-Two Interactive Software Stock Up 3.3%

Shares of TTWO stock traded up $7.22 during trading hours on Friday, reaching $224.59. 900,224 shares of the company's stock were exchanged, compared to its average volume of 2,034,121. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The stock's fifty day moving average price is $233.54 and its two-hundred day moving average price is $219.53. The stock has a market cap of $41.43 billion, a PE ratio of -9.38, a PEG ratio of 5.50 and a beta of 0.99. Take-Two Interactive Software has a 1 year low of $143.17 and a 1 year high of $245.07.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the transaction, the director directly owned 3,290 shares of the company's stock, valued at approximately $782,362. This represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.34% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Take-Two Interactive Software by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock valued at $4,117,123,000 after purchasing an additional 506,026 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Take-Two Interactive Software by 3.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company's stock valued at $1,341,789,000 after purchasing an additional 166,867 shares during the last quarter. Capital International Investors raised its stake in Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Take-Two Interactive Software by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after purchasing an additional 13,555 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Take-Two Interactive Software by 8.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company's stock valued at $1,124,088,000 after purchasing an additional 378,371 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

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.