Several other analysts also recently issued reports on the company. Wells Fargo & Co lifted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $165.00 to $175.00 and gave the company an overweight rating in a research note on Wednesday, July 22nd. Morgan Stanley lifted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $160.00 and gave the company an overweight rating in a research report on Friday, July 24th. Oppenheimer assumed coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Friday, June 12th. They set a buy rating and a $155.00 target price for the company. MKM Partners raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a neutral rating to a buy rating and increased their price objective for the company from $145.00 to $160.00 in a report on Friday, June 12th. Finally, Deutsche Bank lifted their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $175.00 and gave the stock a buy rating in a research note on Tuesday, May 26th. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of Buy and an average target price of $147.54.
Shares of NASDAQ TTWO opened at $164.02 on Wednesday. The stock has a market cap of $18.24 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 6.57 and a beta of 0.58. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $100.00 and a 1 year high of $164.11. The firm has a fifty day moving average price of $146.46 and a 200-day moving average price of $128.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.71 and a quick ratio of 1.70.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Wednesday, May 20th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.60. The company had revenue of $729.42 million during the quarter, compared to the consensus estimate of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.43 EPS for the current year.
In related news, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $146.09, for a total value of $5,843,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel P. Emerson sold 213 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $123.61, for a total value of $26,328.93. Following the transaction, the insider now owns 49,925 shares in the company, valued at $6,171,229.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,116 shares of company stock valued at $20,625,726. 1.20% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in TTWO. Capital Square LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter worth about $25,000. Ellevest Inc. lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 49.3% in the 2nd quarter. Ellevest Inc. now owns 224 shares of the company’s stock worth $31,000 after purchasing an additional 74 shares during the period. BDO Wealth Advisors LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 666.7% during the first quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Ameritas Investment Company LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter valued at approximately $30,000. Finally, Catalyst Capital Advisors LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the first quarter worth approximately $36,000. 92.22% of the stock is owned by institutional investors.
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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