Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, UBS Group Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by research analysts at UBS Group from $156.00 to $175.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential downside of 0.17% from the stock’s current price.

TTWO has been the topic of several other research reports. Bank of America restated a “buy” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. JPMorgan Chase & Co. reduced their price objective on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.70.

Take-Two Interactive Software Stock Up 5.2 %

TTWO stock traded up $8.67 during trading hours on Thursday, hitting $175.29. The company’s stock had a trading volume of 1,209,542 shares, compared to its average volume of 1,602,410. The stock has a 50 day moving average price of $156.06 and a two-hundred day moving average price of $153.26. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $176.27. The company has a market capitalization of $30.72 billion, a PE ratio of -7.80, a price-to-earnings-growth ratio of 4.98 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. On average, equities research analysts expect that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.45% of the stock is owned by company insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. ORG Partners LLC raised its position in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC increased its stake in Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $37,000. Finally, Blue Trust Inc. increased its position in shares of Take-Two Interactive Software by 410.6% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 193 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.