Take-Two Interactive Software (NASDAQ:TTWO) Hits New 52-Week High - Should You Buy?

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $241.10 and last traded at $239.87, with a volume of 582316 shares trading hands. The stock had previously closed at $237.52.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Robert W. Baird raised their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. UBS Group raised 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 research note on Friday, May 16th. DA Davidson upped their target price on shares of 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. Benchmark increased their target price on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Wedbush restated an "outperform" rating and issued a $269.00 price target (up previously from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. One 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.10.

Take-Two Interactive Software Stock Down 0.1%

The firm's 50 day simple moving average is $227.03 and its 200-day simple moving average is $207.53. The company has a market cap of $42.29 billion, a price-to-earnings ratio of -9.39, a P/E/G ratio of 5.81 and a beta of 1.03. 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 Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction 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 sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,378 shares of company stock valued at $103,915,994 in the last three months. 1.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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