Take-Two Interactive Software (NASDAQ:TTWO) Reaches New 52-Week High – Time to Buy?

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DA Davidson boosted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 16th. Morgan Stanley lifted their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Ascendiant Capital Markets increased their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $228.10.

Take-Two Interactive Software Price Performance

The firm has a market capitalization of $42.32 billion, a PE ratio of -9.39, a P/E/G ratio of 5.82 and a beta of 1.03. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.78 and a quick ratio of 0.78. The business’s 50 day moving average is $226.51 and its two-hundred day moving average is $207.05.

Insider Activity

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

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its position in shares of Take-Two Interactive Software by 18.5% in the 1st quarter. Voya Investment Management LLC now owns 398,609 shares of the company’s stock worth $82,612,000 after purchasing an additional 62,092 shares in the last quarter. Militia Capital Partners LP raised its stake in Take-Two Interactive Software by 29.2% during the first quarter. Militia Capital Partners LP now owns 2,215 shares of the company’s stock valued at $459,000 after buying an additional 500 shares during the last quarter. Strs Ohio bought a new stake in Take-Two Interactive Software in the first quarter worth $1,884,000. Geneos Wealth Management Inc. grew its stake in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after acquiring an additional 165 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its stake in shares of Take-Two Interactive Software by 0.6% in the first quarter. IFM Investors Pty Ltd now owns 30,600 shares of the company’s stock worth $6,342,000 after acquiring an additional 171 shares during the last quarter. 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.