Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $205.00 at The Goldman Sachs Group

Take-Two Interactive Software (NASDAQ:TTWO) had its price target upped by investment analysts at The Goldman Sachs Group from $186.00 to $205.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 16.86% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Redburn Atlantic started coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. Stifel Nicolaus upped their target price on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Bank of America restated a “buy” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Finally, HSBC upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.95.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $8.81 on Thursday, reaching $175.43. The company’s stock had a trading volume of 1,516,132 shares, compared to its average volume of 1,603,829. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $176.65. The company has a market capitalization of $30.75 billion, a P/E ratio of -7.87, a price-to-earnings-growth ratio of 4.98 and a beta of 0.85. The firm has a fifty day moving average of $156.06 and a two-hundred day moving average of $153.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts predict that Take-Two Interactive Software will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of the business. Swiss National Bank increased its position in Take-Two Interactive Software by 2.7% during the third quarter. Swiss National Bank now owns 493,508 shares of the company’s stock worth $75,857,000 after buying an additional 13,200 shares during the last quarter. AM Squared Ltd acquired a new position in Take-Two Interactive Software during the third quarter worth $46,000. Mutual of America Capital Management LLC grew its position in shares of Take-Two Interactive Software by 4.7% in the third quarter. Mutual of America Capital Management LLC now owns 40,487 shares of the company’s stock valued at $6,223,000 after purchasing an additional 1,804 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Take-Two Interactive Software by 3.6% in the third quarter. Natixis Advisors LLC now owns 134,363 shares of the company’s stock valued at $20,653,000 after purchasing an additional 4,693 shares during the last quarter. Finally, Empirical Finance LLC grew its position in shares of Take-Two Interactive Software by 2.8% in the third quarter. Empirical Finance LLC now owns 4,856 shares of the company’s stock valued at $746,000 after purchasing an additional 133 shares during the last quarter. 95.46% of the stock is 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.