Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 12-Month High - Should You Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $231.23 and last traded at $230.71, with a volume of 1612979 shares trading hands. The stock had previously closed at $225.55.

Analyst Ratings Changes

A number of equities analysts have issued reports on TTWO shares. Morgan Stanley cut their target price on shares of Take-Two Interactive Software from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Benchmark reiterated a "buy" rating and set a $225.00 price objective (up previously from $210.00) on shares of Take-Two Interactive Software in a research report on Friday, February 7th. Raymond James reaffirmed an "outperform" rating and set a $220.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a research note on Friday, February 7th. Finally, Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $213.67.

Take-Two Interactive Software Stock Up 1.7 %

The firm has a 50-day simple moving average of $210.94 and a 200 day simple moving average of $194.16. The company has a market capitalization of $39.39 billion, a PE ratio of -10.46, a price-to-earnings-growth ratio of 6.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently modified their holdings of the stock. Moody Lynn & Lieberson LLC raised its stake in shares of Take-Two Interactive Software by 0.9% during the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock valued at $1,050,000 after purchasing an additional 45 shares during the period. Adero Partners LLC grew its holdings in Take-Two Interactive Software by 2.9% during the 1st quarter. Adero Partners LLC now owns 1,784 shares of the company's stock valued at $370,000 after purchasing an additional 51 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock worth $51,000 after buying an additional 54 shares during the period. Fifth Third Bancorp lifted its holdings in Take-Two Interactive Software by 0.3% in the 4th quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock worth $3,157,000 after buying an additional 57 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Take-Two Interactive Software by 46.0% during the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after acquiring an additional 57 shares in the last quarter. 95.46% of the stock is currently 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.