Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Reaffirmed by Wedbush

Wedbush restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report published on Thursday, Benzinga reports. The brokerage currently has a $190.00 price objective on the stock.

A number of other research firms have also weighed in on TTWO. Moffett Nathanson lowered Take-Two Interactive Software from a buy rating to a neutral rating and dropped their target price for the company from $169.00 to $167.00 in a report on Monday, February 5th. Roth Mkm increased their price target on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a buy rating in a research report on Friday, February 9th. JPMorgan Chase & Co. dropped their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating on the stock in a research note on Friday, February 9th. Citigroup upgraded shares of Take-Two Interactive Software from a neutral rating to a buy rating and raised their price target for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Wells Fargo & Company upped their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an overweight rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $177.61.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $145.88 on Thursday. The company has a market cap of $24.89 billion, a P/E ratio of -17.00, a PEG ratio of 1.21 and a beta of 0.75. The company has a fifty day simple moving average of $146.50 and a 200 day simple moving average of $152.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software has a 12-month low of $121.72 and a 12-month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Sell-side analysts predict that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TTWO. Texas Permanent School Fund Corp grew its position in Take-Two Interactive Software by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,779 shares of the company’s stock worth $4,867,000 after acquiring an additional 121 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Take-Two Interactive Software in the first quarter worth approximately $6,336,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Take-Two Interactive Software by 42.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,319 shares of the company’s stock worth $790,000 after buying an additional 1,572 shares during the period. Central Pacific Bank Trust Division bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $815,000. Finally, Whittier Trust Co. boosted its position in Take-Two Interactive Software by 148.6% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $80,000 after buying an additional 324 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.