Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $285.00

Key Points

• UBS Group has increased its price target for Take-Two Interactive Software from $275.00 to $285.00, indicating a potential upside of 30.53% from its current price, and maintains a "buy" rating on the stock.
• Multiple analysts have raised their price targets for Take-Two Interactive Software, with Bank of America also setting their target at $285.00 and further bullish ratings from other firms suggesting a consensus rating of "Moderate Buy."
• Insiders, including the President and CEO, have recently sold substantial shares of Take-Two, with each selling 216,661 shares at an average price of $225.75, which reflects a 15.22% decrease in their ownership.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price objective increased by stock analysts at UBS Group from $275.00 to $285.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 28.06% from the company's previous close.

Other equities analysts have also issued reports about the company. Raymond James Financial boosted their price target on Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research note on Monday, July 28th. They set an "overweight" rating and a $265.00 price target on the stock. BMO Capital Markets restated an "outperform" rating and set a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Finally, Bank of America boosted their price target on Take-Two Interactive Software from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $242.43.

Take-Two Interactive Software Stock Performance

TTWO traded up $5.19 on Friday, hitting $222.56. 1,246,131 shares of the stock traded hands, compared to its average volume of 2,036,100. Take-Two Interactive Software has a 52 week low of $143.17 and a 52 week high of $245.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $41.05 billion, a PE ratio of -9.31, a P/E/G ratio of 5.50 and a beta of 0.99. The business has a fifty day moving average price of $233.54 and a two-hundred day moving average price of $219.53.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 216,661 shares of the company's 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 transaction, the president owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the transaction, the chief executive officer directly owned 1,206,427 shares in the company, 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 460,792 shares of company stock valued at $104,014,443 over the last quarter. 1.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. ORG Partners LLC raised its position in shares of Take-Two Interactive Software by 115.7% during the 2nd quarter. ORG Partners LLC now owns 110 shares of the company's stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 101.9% during the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company's stock valued at $26,000 after acquiring an additional 53 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $28,000. 1 North Wealth Services LLC bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $29,000. Finally, Game Plan Financial Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $31,000. 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.