Take-Two Interactive Software (NASDAQ:TTWO) Cut to Sell at StockNews.com

StockNews.com lowered shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a sell rating in a report released on Monday morning.

A number of other brokerages have also recently commented on TTWO. Robert W. Baird raised their price objective on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Roth Mkm lifted their target price on Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Citigroup lifted their target price on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $240.00 target price (up previously from $190.00) on shares of Take-Two Interactive Software in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Trading Down 0.4 %

Shares of Take-Two Interactive Software stock opened at $209.18 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. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $215.84. The stock has a 50 day moving average price of $187.29 and a two-hundred day moving average price of $169.86. The stock has a market capitalization of $36.74 billion, a PE ratio of -9.81, a price-to-earnings-growth ratio of 5.68 and a beta of 0.89.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in TTWO. Itau Unibanco Holding S.A. purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in Take-Two Interactive Software during the 3rd quarter worth about $31,000. Assetmark Inc. lifted its holdings in Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after purchasing an additional 106 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Take-Two Interactive Software by 87.0% during the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after purchasing an additional 87 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in Take-Two Interactive Software by 69.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock worth $43,000 after purchasing an additional 115 shares in the last quarter. 95.46% of the stock is currently owned by 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.