Bank of America Increases Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $368.00

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) had its price target lifted by equities researchers at Bank of America from $320.00 to $368.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 53.61% from the company’s previous close.

A number of other brokerages have also issued reports on TTWO. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $292.25.

Check Out Our Latest Stock Report on Take-Two Interactive Software

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $239.57 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a twelve month low of $187.63 and a twelve month high of $264.79. The business has a 50-day moving average price of $221.20 and a 200-day moving average price of $222.72. The firm has a market cap of $44.48 billion, a price-to-earnings ratio of -147.88, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 40,358 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the sale, the president directly owned 40,358 shares of the company’s stock, valued at $8,720,960.22. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 569,515 shares of company stock worth $128,310,552. 1.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Take-Two Interactive Software during the first quarter worth $425,000. Empowered Funds LLC lifted its holdings in shares of Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after acquiring an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 118.7% in the 1st 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. Arrowstreet Capital Limited Partnership purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $2,747,000. Finally, Jump Financial LLC boosted its stake in shares of Take-Two Interactive Software by 105.3% during the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after purchasing an additional 3,650 shares during the period. Institutional investors own 95.46% of the company’s stock.

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.

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

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