Take-Two Interactive Software (NASDAQ:TTWO) Upgraded by Zacks Research to “Strong-Buy” Rating

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

TTWO has been the topic of a number of other research reports. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Wells Fargo & Company increased their price objective on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. DA Davidson reiterated a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. BTIG Research reissued a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a research note on Monday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $294.44.

View Our Latest Analysis on TTWO

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $247.62 on Monday. The company has a market cap of $45.98 billion, a price-to-earnings ratio of -152.85, a price-to-earnings-growth ratio of 4.68 and a beta of 0.96. The company has a 50-day moving average price of $233.84 and a 200-day moving average price of $221.60. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $265.94.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 569,936 shares of company stock valued at $128,431,438 over the last three months. Corporate insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $25,000. Mosley Wealth Management raised its holdings in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software during the fourth quarter valued at $28,000. Essential Partners LLC lifted its position in Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the period. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

(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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