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

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

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research analyst reports. Wedbush reissued an "outperform" rating and set a $269.00 target price (up previously from $253.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. Robert W. Baird increased their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. DA Davidson lifted their price target on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Morgan Stanley raised their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average target price of $228.10.

Take-Two Interactive Software Stock Up 0.4%

The stock's 50-day simple moving average is $225.22 and its 200-day simple moving average is $206.48. The firm has a market capitalization of $42.30 billion, a P/E ratio of -9.41, a P/E/G ratio of 5.82 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at $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 is available at this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of Take-Two Interactive Software 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 transaction, the chief executive officer now directly owns 1,206,427 shares in the company, valued at $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,378 shares of company stock valued at $103,915,994. 1.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TTWO. Militia Capital Partners LP increased its stake in Take-Two Interactive Software by 29.2% during the 1st quarter. Militia Capital Partners LP now owns 2,215 shares of the company's stock valued at $459,000 after purchasing an additional 500 shares in the last quarter. Strs Ohio bought a new position in Take-Two Interactive Software during the first quarter valued at approximately $1,884,000. Geneos Wealth Management Inc. increased its holdings in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock worth $63,000 after buying an additional 165 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Take-Two Interactive Software by 0.6% during the 1st quarter. IFM Investors Pty Ltd now owns 30,600 shares of the company's stock valued at $6,342,000 after purchasing an additional 171 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in Take-Two Interactive Software by 4.6% in the first quarter. Intech Investment Management LLC now owns 24,269 shares of the company's stock worth $5,030,000 after purchasing an additional 1,062 shares during the last quarter. 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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