Take-Two Interactive Software (NASDAQ:TTWO) Given New $275.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for Take-Two Interactive Software from $250.00 to $275.00, indicating a potential upside of 26.51% from the current stock price.
• The stock is currently rated as a Moderate Buy by analysts, with a consensus price target of $242.43, reflecting varying opinions from multiple research firms.
• Insider transactions reveal significant sales, including President Karl Slatoff selling over 216,000 shares at approximately $225.75, resulting in a decrease in their ownership stake.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $250.00 to $275.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 26.51% from the stock's current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. 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 report on Monday, May 5th. UBS Group boosted their target price on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, DA Davidson boosted their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average price target of $242.43.

Take-Two Interactive Software Stock Down 4.0%

Take-Two Interactive Software stock traded down $9.12 during trading hours on Friday, reaching $217.37. The stock had a trading volume of 5,617,284 shares, compared to its average volume of 2,042,515. The business's 50 day moving average price is $233.71 and its 200-day moving average price is $218.84. Take-Two Interactive Software has a 52 week low of $141.34 and a 52 week high of $245.07. The company has a market cap of $40.10 billion, a price-to-earnings ratio of -8.56, a PEG ratio of 5.75 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider owned 152,271 shares of the company's stock, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the sale, the president directly owned 1,206,427 shares in the company, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,792 shares of company stock valued at $104,014,443. Insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently modified their holdings of the company. Moody Lynn & Lieberson LLC lifted its stake in shares of Take-Two Interactive Software by 0.9% in the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock worth $1,050,000 after acquiring an additional 45 shares in the last quarter. STF Management LP grew its stake in Take-Two Interactive Software by 1.8% during the 2nd quarter. STF Management LP now owns 2,616 shares of the company's stock valued at $635,000 after purchasing an additional 46 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Take-Two Interactive Software by 5.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $207,000 after purchasing an additional 47 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Take-Two Interactive Software by 2.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,699 shares of the company's stock valued at $413,000 after purchasing an additional 48 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in shares of Take-Two Interactive Software by 3.1% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,631 shares of the company's stock valued at $396,000 after buying an additional 49 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

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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