Raymond James Financial Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its target price upped by research analysts at Raymond James Financial from $250.00 to $260.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 19.61% from the stock’s previous close.

A number of other brokerages also recently issued reports on TTWO. Robert W. Baird increased their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Citigroup increased their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wells Fargo & Company initiated coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They issued an “overweight” rating and a $265.00 target price for the company. Finally, UBS Group increased their target price on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.43.

Take-Two Interactive Software Trading Down 4.0%

Shares of Take-Two Interactive Software stock opened at $217.37 on Friday. The company has a market capitalization of $40.10 billion, a price-to-earnings ratio of -9.08, a PEG ratio of 5.50 and a beta of 0.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.18. Take-Two Interactive Software has a 12-month low of $141.34 and a 12-month high of $245.07. The firm’s 50-day moving average price is $233.54 and its two-hundred day moving average price is $219.28.

Insider Activity

In other Take-Two Interactive Software news, President Karl Slatoff sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the completion of the sale, the president owned 1,206,427 shares of the company’s stock, valued at approximately $272,350,895.25. This represents a 15.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the sale, the chief executive officer directly owned 1,206,427 shares of the company’s stock, valued at $272,350,895.25. This represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 460,792 shares of company stock worth $104,014,443. 1.34% of the stock is owned by company insiders.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Franklin Resources Inc. increased its position in Take-Two Interactive Software by 19.9% during the 4th quarter. Franklin Resources Inc. now owns 14,587 shares of the company’s stock valued at $2,685,000 after purchasing an additional 2,420 shares during the period. Russell Investments Group Ltd. increased its position in Take-Two Interactive Software by 34.3% during the 4th quarter. Russell Investments Group Ltd. now owns 41,313 shares of the company’s stock valued at $7,610,000 after purchasing an additional 10,540 shares during the period. FMR LLC grew its position in shares of Take-Two Interactive Software by 67.7% during the 4th quarter. FMR LLC now owns 960,654 shares of the company’s stock worth $176,837,000 after buying an additional 387,923 shares during the period. Cerity Partners LLC grew its position in shares of Take-Two Interactive Software by 10.7% during the 4th quarter. Cerity Partners LLC now owns 8,362 shares of the company’s stock worth $1,539,000 after buying an additional 806 shares during the period. Finally, Argent Trust Co grew its position in shares of Take-Two Interactive Software by 3.3% during the 4th quarter. Argent Trust Co now owns 12,338 shares of the company’s stock worth $2,271,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.