Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Down - Time to Sell?

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $237.50, but opened at $228.03. Take-Two Interactive Software shares last traded at $230.45, with a volume of 1,710,214 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TTWO shares. Ascendiant Capital Markets upped their price target on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a report on Monday, March 3rd. UBS Group lifted their target price on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price objective (down previously from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. Finally, Benchmark boosted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $228.10.

Take-Two Interactive Software Stock Down 0.5%

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The firm has a market cap of $39.92 billion, a P/E ratio of -10.55, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The stock's fifty day moving average is $217.41 and its two-hundred day moving average is $201.06.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock worth $63,000 after buying an additional 165 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Take-Two Interactive Software by 0.6% during the first quarter. IFM Investors Pty Ltd now owns 30,600 shares of the company's stock worth $6,342,000 after purchasing an additional 171 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 4.6% during 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 in the last quarter. SageView Advisory Group LLC bought a new position in shares of Take-Two Interactive Software in the first quarter worth approximately $519,000. Finally, Game Plan Financial Advisors LLC purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $31,000. Institutional investors own 95.46% of the company's stock.

About Take-Two Interactive Software

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.