BMO Capital Markets Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $285.00

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) had its price target boosted by equities researchers at BMO Capital Markets from $280.00 to $285.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 22.12% from the company’s previous close.

Several other equities analysts have also issued reports on TTWO. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BTIG Research started coverage on shares of Take-Two Interactive Software in a report on Wednesday. They issued a “buy” rating and a $290.00 price objective for the company. Bank of America boosted their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.71.

Check Out Our Latest Stock Report on TTWO

Take-Two Interactive Software Trading Down 1.0%

TTWO traded down $2.40 on Thursday, hitting $233.37. The company had a trading volume of 1,305,019 shares, compared to its average volume of 2,269,408. The company has a market cap of $43.33 billion, a PE ratio of -144.04, a PEG ratio of 4.80 and a beta of 0.98. The business’s fifty day simple moving average is $222.80 and its 200 day simple moving average is $222.62. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $264.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider directly owned 113,988 shares of the company’s stock, valued at $26,217,240. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the sale, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 570,015 shares of company stock worth $128,432,857 over the last three months. Company insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently modified their holdings of the company. LBP AM SA raised its position in shares of Take-Two Interactive Software by 298.2% in the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after purchasing an additional 48,384 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after buying an additional 16,314 shares in the last quarter. Swedbank AB grew its holdings in shares of Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after acquiring an additional 9,556 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Take-Two Interactive Software by 24.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 585,950 shares of the company’s stock valued at $150,021,000 after purchasing an additional 114,403 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Take-Two Interactive Software by 221.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 151,300 shares of the company’s stock valued at $38,737,000 after buying an additional 104,196 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

Take-Two Interactive Software Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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