BMO Capital Markets Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective upped by equities research analysts at BMO Capital Markets from $185.00 to $190.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 6.99% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Monday, August 12th. Hsbc Global Res raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. Finally, UBS Group boosted their target price on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.65.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded up $10.97 during trading on Thursday, hitting $177.59. 1,858,375 shares of the company’s stock traded hands, compared to its average volume of 1,605,074. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average price is $156.06 and its 200 day moving average price is $153.26. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $177.98. The company has a market cap of $31.13 billion, a PE ratio of -7.95, a PEG ratio of 4.98 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Analysts forecast that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in Take-Two Interactive Software by 169.7% during the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after buying an additional 9,076 shares during the period. Creative Planning lifted its position in shares of Take-Two Interactive Software by 27.6% in the 2nd quarter. Creative Planning now owns 26,244 shares of the company’s stock worth $4,081,000 after purchasing an additional 5,681 shares during the period. University of Texas Texas AM Investment Management Co. lifted its position in shares of Take-Two Interactive Software by 30.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 25,584 shares of the company’s stock worth $3,978,000 after purchasing an additional 6,027 shares during the period. Beech Hill Advisors Inc. lifted its position in shares of Take-Two Interactive Software by 107.5% in the 3rd quarter. Beech Hill Advisors Inc. now owns 14,999 shares of the company’s stock worth $2,305,000 after purchasing an additional 7,769 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Take-Two Interactive Software by 103.7% in the 1st quarter. Russell Investments Group Ltd. now owns 45,316 shares of the company’s stock worth $6,718,000 after purchasing an additional 23,072 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.