Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 52-Week High – What’s Next?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $231.23 and last traded at $230.71, with a volume of 1612979 shares trading hands. The stock had previously closed at $225.55.

Analyst Upgrades and Downgrades

TTWO has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Take-Two Interactive Software from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Moffett Nathanson lifted their price target on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Ascendiant Capital Markets increased their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Stifel Nicolaus lifted their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $213.86.

Take-Two Interactive Software Stock Performance

The company has a market cap of $40.72 billion, a P/E ratio of -10.82, a PEG ratio of 6.83 and a beta of 1.01. The stock’s 50-day moving average price is $209.81 and its 200-day moving average price is $192.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealthfront Advisers LLC boosted its stake in shares of Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock valued at $26,223,853,000 after buying an additional 142,450,266 shares during the period. Norges Bank bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $495,086,000. GAMMA Investing LLC grew its holdings in shares of Take-Two Interactive Software by 27,563.6% during the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company’s stock worth $143,676,000 after purchasing an additional 690,745 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth $115,133,000. Finally, Alyeska Investment Group L.P. raised its stake in Take-Two Interactive Software by 74.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company’s stock valued at $247,983,000 after purchasing an additional 574,326 shares in the last quarter. Institutional investors and hedge funds 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. 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.