TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target increased by equities research analysts at Jefferies Financial Group from $150.00 to $155.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 37.11% from the company’s current price.
Other analysts also recently issued reports about the stock. Stifel Nicolaus upped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $131.00 to $137.00 and gave the company a “buy” rating in a report on Monday, August 6th. ValuEngine downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 7th. Barclays set a $138.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a report on Friday, August 3rd. Wedbush set a $132.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Bank of America upped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $144.94.
NASDAQ:TTWO opened at $113.05 on Thursday. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 2.52 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $92.81 and a twelve month high of $139.91.
In other news, Director Paul E. Viera purchased 75,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average cost of $133.93 per share, with a total value of $10,044,750.00. Following the completion of the acquisition, the director now owns 926 shares of the company’s stock, valued at approximately $124,019.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel P. Emerson sold 13,268 shares of the stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total transaction of $1,640,322.84. The disclosure for this sale can be found here. Insiders have sold 36,463 shares of company stock worth $4,664,100 over the last three months. 1.07% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TTWO. American Century Companies Inc. purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth $136,745,000. FMR LLC boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 35.1% during the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock worth $491,927,000 after buying an additional 926,316 shares in the last quarter. Congress Asset Management Co. MA purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the third quarter worth $91,225,000. Point72 Asset Management L.P. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock worth $219,007,000 after buying an additional 575,392 shares in the last quarter. Finally, FIL Ltd boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2,484.7% during the third quarter. FIL Ltd now owns 446,794 shares of the company’s stock worth $61,653,000 after buying an additional 429,508 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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