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

Key Points

• Take-Two Interactive Software, Inc. (NASDAQ:TTWO) received an average consensus recommendation of "Buy" from 22 research firms, with 19 analysts rating it as a buy and 2 as a strong buy.
• Analysts have increased price targets for the stock, with JPMorgan and UBS setting new goals of $250.00 and $275.00 respectively, indicating strong confidence in the company's performance.
• CEO Strauss Zelnick and President Karl Slatoff both sold 216,661 shares at approximately $225.75 each, marking a 15.22% reduction in their positions, which has raised some investor curiosity about insider activity.

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) have earned an average recommendation of "Buy" from the twenty-two research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $234.0476.

Several equities research analysts recently weighed in on TTWO shares. JPMorgan Chase & Co. lifted their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price (up previously from $240.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. UBS Group upped their price target on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $226.49 on Friday. The company has a market capitalization of $41.78 billion, a P/E ratio of -8.92, a P/E/G ratio of 5.75 and a beta of 0.99. The business has a fifty day simple moving average of $233.71 and a two-hundred day simple moving average of $218.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. Take-Two Interactive Software has a 1 year low of $135.24 and a 1 year high of $245.07.

Insider Activity at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 216,661 shares of the business'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 value of $48,911,220.75. Following the completion of the sale, the chief executive officer directly owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff 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 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. Over the last three months, insiders sold 460,792 shares of company stock valued at $104,014,443. Company insiders own 1.34% of the company's stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of large investors have recently added to or reduced their stakes in TTWO. Franklin Resources Inc. grew its holdings in shares of Take-Two Interactive Software by 19.9% in the fourth quarter. Franklin Resources Inc. now owns 14,587 shares of the company's stock worth $2,685,000 after purchasing an additional 2,420 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Take-Two Interactive Software by 34.3% in the 4th quarter. Russell Investments Group Ltd. now owns 41,313 shares of the company's stock worth $7,610,000 after acquiring an additional 10,540 shares during the last quarter. FMR LLC grew its holdings in Take-Two Interactive Software by 67.7% in the 4th quarter. FMR LLC now owns 960,654 shares of the company's stock worth $176,837,000 after acquiring an additional 387,923 shares during the last quarter. Cerity Partners LLC increased its position in shares of Take-Two Interactive Software by 10.7% in the fourth quarter. Cerity Partners LLC now owns 8,362 shares of the company's stock valued at $1,539,000 after acquiring an additional 806 shares during the period. Finally, APG Asset Management N.V. bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at about $15,875,000. 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. 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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