Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Down - Here's What Happened

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.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. DA Davidson lifted their target price on 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. The Goldman Sachs Group lifted their target price on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, February 7th. StockNews.com lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday. Benchmark raised 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. Finally, Raymond James restated an "outperform" rating and issued a $250.00 price target (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. 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 company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.10.

Take-Two Interactive Software Price Performance

The company has a 50 day simple moving average of $216.16 and a 200-day simple moving average of $199.62. The stock has a market cap of $40.55 billion, a price-to-earnings ratio of -10.78, a P/E/G ratio of 6.83 and a beta of 1.08. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Moody Lynn & Lieberson LLC increased its position 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 valued at $1,050,000 after acquiring an additional 45 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Take-Two Interactive Software by 8.1% in the first quarter. Brooklyn Investment Group now owns 669 shares of the company's stock valued at $139,000 after acquiring an additional 50 shares during the last quarter. Adero Partners LLC increased its position in Take-Two Interactive Software by 2.9% during the first quarter. Adero Partners LLC now owns 1,784 shares of the company's stock worth $370,000 after buying an additional 51 shares during the last quarter. First Horizon Advisors Inc. increased its position in Take-Two Interactive Software by 24.2% during the fourth 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 last quarter. Finally, Fifth Third Bancorp increased its position in Take-Two Interactive Software by 0.3% during the fourth quarter. Fifth Third Bancorp now owns 17,148 shares of the company's stock worth $3,157,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds 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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