Take-Two Interactive Software (NASDAQ:TTWO) Upgraded by UBS Group to Buy Rating

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $230.00 price objective on the stock, up from their previous price objective of $175.00. UBS Group’s target price would indicate a potential upside of 24.00% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. Morgan Stanley boosted their price objective on shares of Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. 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. Finally, Stifel Nicolaus increased their target price on Take-Two Interactive Software from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.47.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $185.49 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day moving average price is $185.46 and its two-hundred day moving average price is $166.12. The stock has a market cap of $32.58 billion, a PE ratio of -8.77, a price-to-earnings-growth ratio of 5.84 and a beta of 0.89. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $192.14.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now owns 9,692 shares of the company’s stock, valued at approximately $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TTWO. Swiss National Bank raised its stake in Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after acquiring an additional 13,200 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Take-Two Interactive Software by 9.1% during the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company’s stock valued at $8,200,000 after purchasing an additional 4,456 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $20,290,000. Fiduciary Alliance LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $734,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Take-Two Interactive Software by 2.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 402,889 shares of the company’s stock valued at $61,928,000 after purchasing an additional 10,837 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Company Profile

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.