Take-Two Interactive Software (NASDAQ:TTWO) Hits New 52-Week High – Here’s What Happened

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares hit a new 52-week high during trading on Monday . The company traded as high as $192.14 and last traded at $191.73, with a volume of 108449 shares traded. The stock had previously closed at $188.75.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group upped their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup upped their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley upped their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price objective (up previously from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $197.58.

Take-Two Interactive Software Trading Down 3.8 %

The company has a 50 day moving average of $182.56 and a two-hundred day moving average of $163.46. 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 stock has a market capitalization of $31.92 billion, a PE ratio of -8.59, a P/E/G ratio of 5.76 and a beta of 0.89.

Insider Buying and Selling

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

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently modified their holdings of TTWO. Hartford Investment Management Co. boosted its stake in Take-Two Interactive Software by 0.7% during the third quarter. Hartford Investment Management Co. now owns 10,255 shares of the company’s stock worth $1,576,000 after buying an additional 74 shares during the period. Huntington National Bank boosted its stake in shares of Take-Two Interactive Software by 9.3% in the third quarter. Huntington National Bank now owns 896 shares of the company’s stock valued at $138,000 after purchasing an additional 76 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 1.8% in the third quarter. Sanctuary Advisors LLC now owns 4,493 shares of the company’s stock valued at $691,000 after purchasing an additional 79 shares during the period. Chicago Capital LLC boosted its stake in shares of Take-Two Interactive Software by 2.9% in the third quarter. Chicago Capital LLC now owns 2,983 shares of the company’s stock valued at $459,000 after purchasing an additional 85 shares during the period. Finally, Studio Investment Management LLC boosted its stake in shares of Take-Two Interactive Software by 3.9% in the third quarter. Studio Investment Management LLC now owns 2,303 shares of the company’s stock valued at $354,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.