Notable Price Action: Could Take-Two Interactive Software, Inc. Skyrocket Even More? The Stock Just Made 52-Week High

Notable Price Action: Could Take Two Interactive Software, Inc. Skyrocket Even More? The Stock Just Made 52 Week High

The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) hit a new 52-week high and has $79.10 target or 64.00% above today’s $48.23 share price. The 5 months bullish chart indicates low risk for the $4.15 billion company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $79.10 price target is reached, the company will be worth $2.66B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.79M shares traded hands or 44.56% up from the average. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 17.93% since April 1, 2016 and is uptrending. It has outperformed by 16.71% the S&P500.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Ratings Coverage

Out of 11 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. Take-Two Interactive Software has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. M Partners maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) rating on Thursday, February 4. M Partners has “Buy” rating and $42 price target. Mizuho maintained the shares of TTWO in a report on Friday, November 6 with “Buy” rating. The firm has “Buy” rating by BTIG Research given on Thursday, September 3. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Buy” rating given on Tuesday, August 9 by Jefferies. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has “Neutral” rating given on Thursday, February 4 by Wedbush. Brean Capital maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Tuesday, August 11 with “Buy” rating. The rating was maintained by Piper Jaffray with “Overweight” on Tuesday, August 11. The rating was initiated by BMO Capital Markets on Wednesday, April 27 with “Outperform”.

According to Zacks Investment Research, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe.”

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio improved, as 33 funds sold all Take-Two Interactive Software, Inc. shares owned while 85 reduced positions. 48 funds bought stakes while 73 increased positions. They now own 98.88 million shares or 1.76% more from 97.17 million shares in 2016Q1.
Westpac Banking holds 0% or 20,000 shares in its portfolio. Architects holds 150 shares or 0% of its portfolio. Blackrock Grp Inc Limited last reported 240,238 shares in the company. Ls Inv Advsr Limited Liability last reported 0.01% of its portfolio in the stock. Stevens Capital Limited Partnership holds 0.1% or 63,189 shares in its portfolio. Caxton Associates L P has 0.47% invested in the company for 450,000 shares. Barclays Public Ltd Co last reported 0% of its portfolio in the stock. Scout Invs has invested 0.4% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Credit Suisse Ag reported 206,732 shares or 0.01% of all its holdings. Hap Trading Ltd Co last reported 15,568 shares in the company. Quantitative Invest Management Limited Com holds 0.03% or 18,200 shares in its portfolio. Northern Tru holds 1.91 million shares or 0.02% of its portfolio. Robeco Institutional Asset Mngmt Bv holds 0.01% or 44,666 shares in its portfolio. Deutsche Bancorp Ag owns 1.87M shares or 0.05% of their US portfolio. State Street holds 1.81M shares or 0.01% of its portfolio.

Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 9 sales for $31.23 million net activity. $640,163 worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was sold by Emerson Daniel P on Wednesday, June 8. Another trade for 532 shares valued at $21,780 was sold by Sheresky Michael. Moses Jon J also sold $389,000 worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares. Slatoff Karl also sold $13.39 million worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares. Shares for $1.96M were sold by ZELNICK STRAUSS on Wednesday, June 8. Dornemann Michael sold $456,113 worth of stock.

More notable recent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news were published by: Nasdaq.com which released: “Take-Two Interactive Software Inc Q2 Earnings Fall 10%” on November 02, 2016, also Seekingalpha.com with their article: “Take-Two Interactive Software (TTWO) Q2 2017 Results – Earnings Call Transcript” published on November 03, 2016, Schaeffersresearch.com published: “Analyst Upgrades: Take-Two Interactive Software, Inc., Zumiez Inc., and …” on November 03, 2016. More interesting news about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) were released by: Investorplace.com and their article: “Why Hasbro, Inc. (HAS), Take-Two Interactive Software, Inc. (TTWO) And United …” published on October 17, 2016 as well as Seekingalpha.com‘s news article titled: “A Long Case For Take-Two Interactive Software, Inc.” with publication date: October 20, 2016.

TTWO Company Profile

Take-Two Interactive Software, Inc., incorporated on October 30, 1993, is a developer, publisher and marketer of entertainment for clients around the world. The Firm develops and publishes products through its two labels, Rockstar Games and 2K. It operates through publishing segment. The Firm has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Company’s products are designed for console gaming systems, such as Sony Computer Entertainment, Inc.’s PlayStation 3 and PlayStation 4, Microsoft Corporation’s Xbox 360 and Xbox One, and personal computers, including smartphones and tablets. It delivers its products through physical retail, digital download, online platforms and cloud streaming services.

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