Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 12-Month High – Still a Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares reached a new 52-week high on Wednesday . The stock traded as high as $241.10 and last traded at $239.87, with a volume of 582316 shares. The stock had previously closed at $237.52.

Wall Street Analysts Forecast Growth

TTWO has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Ascendiant Capital Markets upped their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. UBS Group lifted their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Wedbush reissued an “outperform” rating and set a $269.00 price objective (up from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Finally, Robert W. Baird increased their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $228.10.

Take-Two Interactive Software Stock Up 0.4%

The stock has a 50 day moving average price of $226.51 and a 200 day moving average price of $207.05. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $42.32 billion, a P/E ratio of -9.39, a PEG ratio of 5.82 and a beta of 1.03.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 27,056 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the sale, the insider now owns 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the president now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,378 shares of company stock worth $103,915,994. Insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Large investors have recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its position in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th 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 last quarter. Vanguard Group Inc. raised its stake in Take-Two Interactive Software by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company’s stock valued at $4,117,123,000 after acquiring an additional 506,026 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Take-Two Interactive Software by 1.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company’s stock valued at $1,110,510,000 after purchasing an additional 89,093 shares during the last quarter. Capital International Investors lifted its holdings in Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock valued at $899,036,000 after purchasing an additional 424,893 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company’s stock worth $878,567,000 after purchasing an additional 13,555 shares during the period. 95.46% of the stock is 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.