Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Up – Still a Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) gapped up before the market opened on Thursday . The stock had previously closed at $226.99, but opened at $239.50. Take-Two Interactive Software shares last traded at $242.3950, with a volume of 699,543 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on TTWO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. Wells Fargo & Company dropped their price objective on shares of Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $284.31.

Take-Two Interactive Software Price Performance

The company has a market capitalization of $44.86 billion, a P/E ratio of -10.82, a price-to-earnings-growth ratio of 3.37 and a beta of 0.97. The company’s 50-day moving average price is $208.40 and its two-hundred day moving average price is $226.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 1,698 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider directly owned 125,001 shares in the company, valued at approximately $26,702,713.62. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen F. Siminoff sold 413 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $415,320. This trade represents a 17.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 65,292 shares of company stock valued at $13,978,938 in the last three months. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of the business. LBP AM SA lifted its position in shares of Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares during the period. AGF Management Ltd. increased its stake in Take-Two Interactive Software by 33.1% in the third quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after purchasing an additional 18,119 shares in the last quarter. Compass Wealth Management LLC acquired a new position in shares of Take-Two Interactive Software during the third quarter valued at about $3,419,000. M&G PLC bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $12,465,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Take-Two Interactive Software by 24.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 585,950 shares of the company’s stock valued at $150,021,000 after buying an additional 114,403 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.