Take-Two Interactive Software (NASDAQ:TTWO) PT Raised to $185.00 at Morgan Stanley

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective boosted by Morgan Stanley from $175.00 to $185.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on TTWO. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, June 6th. Roth Mkm lowered their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating for the company in a research report on Friday, May 17th. Robert W. Baird reduced their target price on Take-Two Interactive Software from $173.00 to $172.00 and set an outperform rating on the stock in a research report on Monday, May 20th. Wedbush reiterated an outperform rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Friday, May 17th. Finally, Jefferies Financial Group raised their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a buy rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of Moderate Buy and an average price target of $178.96.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $150.30 on Tuesday. The business’s 50 day moving average price is $155.56 and its 200 day moving average price is $153.14. The company has a market cap of $25.76 billion, a price-to-earnings ratio of -6.84, a PEG ratio of 4.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. Take-Two Interactive Software has a one year low of $130.34 and a one year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. On average, research analysts predict that Take-Two Interactive Software will post 0.96 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now owns 64,173 shares in the company, valued at approximately $10,724,591.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the sale, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Take-Two Interactive Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock valued at $2,809,561,000 after buying an additional 156,563 shares in the last quarter. Capital World Investors raised its position in shares of Take-Two Interactive Software by 2.1% during the 1st quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock worth $1,075,142,000 after acquiring an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after purchasing an additional 521,456 shares during the last quarter. Boston Partners boosted its holdings in Take-Two Interactive Software by 1.8% in the first quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after purchasing an additional 48,909 shares in the last quarter. Finally, Norges Bank purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $350,811,000. 95.46% of the stock is 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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.