Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) have earned a consensus recommendation of "Buy" from the twenty-two analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $228.10.

Several analysts recently weighed in on the company. DA Davidson increased their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Wedbush restated an "outperform" rating and issued a $269.00 target price (up previously from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Benchmark increased their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 16th.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 27,056 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the completion of the sale, the insider now owns 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the chief executive officer now directly owns 1,206,427 shares of the company's stock, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 460,378 shares of company stock valued at $103,915,994. 1.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds have recently bought and sold shares of the stock. 1 North Wealth Services LLC bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth $29,000. Park Square Financial Group LLC bought a new position in Take-Two Interactive Software in the fourth quarter worth about $28,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at about $31,000. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at about $35,000. Finally, Assetmark Inc. grew its position in shares of Take-Two Interactive Software by 155.9% in the 4th quarter. Assetmark Inc. now owns 174 shares of the company's stock worth $32,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Up 0.4%

Shares of TTWO stock opened at $238.50 on Thursday. The company has a market cap of $42.32 billion, a PE ratio of -9.39, a price-to-earnings-growth ratio of 5.79 and a beta of 1.03. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $242.09. The stock's 50 day simple moving average is $225.83 and its two-hundred day simple moving average is $206.70. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

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.

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