TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target raised by Wedbush from $131.00 to $170.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price suggests a potential upside of 20.99% from the stock’s current price.
Several other brokerages have also commented on TTWO. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Cowen increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $139.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Investment Research downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Wednesday, May 13th. Robert W. Baird increased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BNP Paribas raised TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 price objective for the company in a report on Monday, March 2nd. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $140.44.
Shares of NASDAQ TTWO opened at $140.51 on Thursday. The stock has a 50 day moving average of $125.95 and a 200-day moving average of $121.09. The company has a market capitalization of $15.67 billion, a P/E ratio of 39.69, a P/E/G ratio of 4.86 and a beta of 0.56. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $100.00 and a 12 month high of $149.28. The company has a current ratio of 1.71, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.60. The company had revenue of $729.42 million during the quarter, compared to analysts’ expectations of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.22% and a net margin of 13.09%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. Analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 EPS for the current fiscal year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 216,665 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $118.97, for a total transaction of $25,776,635.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Lainie Goldstein sold 23,067 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $135.00, for a total value of $3,114,045.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 260,474 shares of company stock worth $31,648,198. Insiders own 1.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Lincoln National Corp boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 1.6% during the 1st quarter. Lincoln National Corp now owns 5,000 shares of the company’s stock valued at $593,000 after acquiring an additional 79 shares in the last quarter. Rafferty Asset Management LLC boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 0.4% during the 1st quarter. Rafferty Asset Management LLC now owns 19,740 shares of the company’s stock valued at $2,341,000 after acquiring an additional 85 shares in the last quarter. Wealthsource Partners LLC boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 4.5% during the 4th quarter. Wealthsource Partners LLC now owns 2,071 shares of the company’s stock valued at $254,000 after acquiring an additional 89 shares in the last quarter. First Midwest Bank Trust Division boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 2.1% during the 4th quarter. First Midwest Bank Trust Division now owns 4,600 shares of the company’s stock valued at $563,000 after acquiring an additional 96 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 0.5% during the 4th quarter. Utah Retirement Systems now owns 21,449 shares of the company’s stock valued at $2,626,000 after acquiring an additional 100 shares in the last quarter. 88.80% of the stock is currently owned by institutional investors and hedge funds.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
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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