Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on the company. 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 research report on Monday, March 3rd. Robert W. Baird increased their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Raymond James Financial reiterated an “outperform” rating and issued a $250.00 price objective (up from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Morgan Stanley increased their price objective on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Finally, Wall Street Zen lowered Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.10.

Take-Two Interactive Software Trading Up 0.5%

Shares of Take-Two Interactive Software stock opened at $240.78 on Tuesday. The firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of -9.48, a PEG ratio of 6.23 and a beta of 1.03. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $245.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average of $232.13 and a 200 day moving average of $210.68.

Insider Activity

In other news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the sale, the insider directly owned 152,271 shares in the company, valued at approximately $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction on Friday, May 30th. The shares were 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 owned 1,206,427 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 460,378 shares of company stock worth $103,915,994. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently modified their holdings of the stock. Moody Lynn & Lieberson LLC raised its stake in shares of Take-Two Interactive Software by 0.9% in the first quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company’s stock valued at $1,050,000 after acquiring an additional 45 shares in the last quarter. Brooklyn Investment Group raised its stake in Take-Two Interactive Software by 8.1% in the first quarter. Brooklyn Investment Group now owns 669 shares of the company’s stock valued at $139,000 after buying an additional 50 shares in the last quarter. Adero Partners LLC raised its stake in Take-Two Interactive Software by 2.9% in the first quarter. Adero Partners LLC now owns 1,784 shares of the company’s stock valued at $370,000 after buying an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company’s stock valued at $38,000 after buying an additional 57 shares in the last quarter. Finally, State of Wyoming raised its stake in Take-Two Interactive Software by 13.0% in the fourth quarter. State of Wyoming now owns 522 shares of the company’s stock valued at $96,000 after buying an additional 60 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.