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

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective raised by Morgan Stanley from $210.00 to $265.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 12.85% from the company’s previous close.

TTWO has been the subject of several other research reports. Ascendiant Capital Markets lifted their price target on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their target price 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. Stifel Nicolaus boosted their target price on shares of Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. UBS Group boosted their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer boosted their price target on Take-Two Interactive Software from $190.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.10.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded up $8.09 during trading on Monday, reaching $234.83. 974,736 shares of the stock traded hands, compared to its average volume of 1,704,577. The company has a market capitalization of $41.45 billion, a price-to-earnings ratio of -11.01, a P/E/G ratio of 6.83 and a beta of 1.08. The business has a fifty day simple moving average of $214.89 and a two-hundred day simple moving average of $198.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83. Take-Two Interactive Software has a 52-week low of $135.24 and a 52-week high of $240.78.

Institutional Trading of Take-Two Interactive Software

Several large investors have recently made changes to their positions in TTWO. Davis R M Inc. grew its holdings in Take-Two Interactive Software by 4.9% in the 4th quarter. Davis R M Inc. now owns 229,426 shares of the company’s stock valued at $42,233,000 after buying an additional 10,701 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $1,442,000. Legacy Trust grew its stake in shares of Take-Two Interactive Software by 8.9% in the fourth quarter. Legacy Trust now owns 25,772 shares of the company’s stock worth $4,744,000 after acquiring an additional 2,115 shares in the last quarter. Summit Place Financial Advisors LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $748,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $259,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.