Take-Two Interactive Software (NASDAQ:TTWO) Price Target Cut to $145.00 by Analysts at Morgan Stanley

Take-Two Interactive Software (NASDAQ:TTWO) Price Target Cut to $145.00 by Analysts at Morgan Stanley

Take-Two Interactive Software, Inc.  logosTake-Two Interactive Software (NASDAQ:TTWO – Get Rating) had its price objective cut by Morgan Stanley from $150.00 to $145.00 in a research note issued to investors on Monday, The Fly reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently commented on TTWO. Bank Of America (Bofa) raised shares of Take-Two Interactive Software to a buy rating in a report on Tuesday, November 8th. Wells Fargo & Company dropped their price objective on shares of Take-Two Interactive Software from $185.00 to $132.00 and set an overweight rating on the stock in a report on Tuesday, November 8th. Truist Financial decreased their target price on shares of Take-Two Interactive Software from $157.00 to $131.00 in a research report on Wednesday, November 16th. Cowen dropped their target price on shares of Take-Two Interactive Software from $185.00 to $147.00 and set an outperform rating on the stock in a research note on Tuesday, November 8th. Finally, BMO Capital Markets dropped their price target on shares of Take-Two Interactive Software from $155.00 to $120.00 and set an outperform rating on the stock in a research note on Wednesday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $151.31.

Take-Two Interactive Software Price Performance

TTWO opened at $101.26 on Monday. The company has a fifty day simple moving average of $111.89 and a 200 day simple moving average of $120.70. The stock has a market cap of $16.99 billion, a P/E ratio of -920.55, a P/E/G ratio of 2.83 and a beta of 0.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. Take-Two Interactive Software has a 12 month low of $90.00 and a 12 month high of $182.25.

Institutional Trading of Take-Two Interactive Software

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Several large investors have recently added to or reduced their stakes in TTWO. Metis Global Partners LLC lifted its holdings in Take-Two Interactive Software by 38.7% during the second quarter. Metis Global Partners LLC now owns 2,532 shares of the company’s stock valued at $310,000 after purchasing an additional 706 shares in the last quarter. Brinker Capital Investments LLC lifted its holdings in Take-Two Interactive Software by 14.2% during the second quarter. Brinker Capital Investments LLC now owns 24,260 shares of the company’s stock valued at $2,973,000 after purchasing an additional 3,010 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in shares of Take-Two Interactive Software by 75.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 5,751 shares of the company’s stock worth $690,000 after buying an additional 2,470 shares in the last quarter. The State of Alaska Department of Revenue lifted its holdings in shares of Take-Two Interactive Software by 37.1% in the second quarter. The State of Alaska Department of Revenue now owns 77,086 shares of the company’s stock worth $9,445,000 after buying an additional 20,850 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Take-Two Interactive Software in the second quarter worth $472,000. 95.43% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Company Profile

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Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

Further Reading

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Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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