Stifel Nicolaus Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $191.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective boosted by Stifel Nicolaus from $175.00 to $191.00 in a research note issued to investors on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on TTWO. BMO Capital Markets reiterated an outperform rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Jefferies Financial Group lifted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a buy rating in a research note on Thursday, July 11th. HSBC upgraded shares of Take-Two Interactive Software from a hold rating to a buy rating and set a $179.00 price objective for the company in a research note on Monday, August 12th. Benchmark boosted their price objective on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a buy rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley boosted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an overweight rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $183.55.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $156.61 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $26.84 billion, a P/E ratio of -7.13, a P/E/G ratio of 4.57 and a beta of 0.86. The firm has a 50 day simple moving average of $151.70 and a 200 day simple moving average of $150.87. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly 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 business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations 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%. Research analysts anticipate that Take-Two Interactive Software will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several large investors have recently made changes to their positions in TTWO. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Take-Two Interactive Software by 1.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock worth $907,000 after buying an additional 68 shares in the last quarter. Lincoln National Corp grew its holdings in Take-Two Interactive Software by 1.6% during the 4th quarter. Lincoln National Corp now owns 5,215 shares of the company’s stock worth $839,000 after acquiring an additional 81 shares during the last quarter. Moody National Bank Trust Division grew its holdings in Take-Two Interactive Software by 2.2% during the 1st quarter. Moody National Bank Trust Division now owns 4,172 shares of the company’s stock worth $620,000 after acquiring an additional 91 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in Take-Two Interactive Software by 25.7% during the 1st quarter. Salomon & Ludwin LLC now owns 445 shares of the company’s stock worth $66,000 after acquiring an additional 91 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Take-Two Interactive Software by 15.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 685 shares of the company’s stock worth $107,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.