BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from a hold rating to a buy rating in a report released on Friday, September 14th.
TTWO has been the topic of a number of other reports. Zacks Investment Research raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a strong sell rating to a hold rating in a research note on Tuesday, July 17th. Wedbush set a $150.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company an outperform rating in a research note on Friday, August 3rd. Piper Jaffray Companies reiterated an overweight rating and issued a $145.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, July 25th. Stifel Nicolaus increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a buy rating in a report on Tuesday, September 11th. Finally, Barclays set a $138.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a report on Friday, August 3rd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $133.89.
TTWO stock traded down $3.78 during midday trading on Friday, reaching $126.82. The company’s stock had a trading volume of 1,695,500 shares, compared to its average volume of 2,222,013. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $92.81 and a 52 week high of $139.91. The stock has a market cap of $15.71 billion, a PE ratio of 73.91, a PEG ratio of 2.76 and a beta of 0.99.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. The firm had revenue of $288.33 million for the quarter, compared to analysts’ expectations of $258.95 million. As a group, analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 EPS for the current year.
In related news, Director Michael Sheresky sold 295 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $129.07, for a total transaction of $38,075.65. Following the sale, the director now directly owns 69,168 shares in the company, valued at $8,927,513.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul E. Viera acquired 73,896 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were bought at an average price of $133.94 per share, for a total transaction of $9,897,630.24. Following the completion of the acquisition, the director now owns 926 shares of the company’s stock, valued at $124,028.44. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 53,408 shares of company stock worth $6,954,178. 1.07% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TTWO. Mackay Shields LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the first quarter valued at $1,885,000. State Board of Administration of Florida Retirement System grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 6.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 148,184 shares of the company’s stock valued at $14,489,000 after purchasing an additional 9,236 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 0.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 73,642 shares of the company’s stock valued at $7,200,000 after purchasing an additional 649 shares in the last quarter. State of Wisconsin Investment Board grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 9.3% in the first quarter. State of Wisconsin Investment Board now owns 143,081 shares of the company’s stock valued at $13,990,000 after purchasing an additional 12,120 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 39.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 604,863 shares of the company’s stock valued at $59,144,000 after purchasing an additional 170,241 shares in the last quarter. 92.55% 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. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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