Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a research note issued on Friday, Benzinga reports. They presently have a $200.00 price target on the stock. Benchmark’s target price suggests a potential upside of 35.28% from the stock’s current price.
TTWO has been the subject of a number of other reports. Moffett Nathanson downgraded Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $167.00 in a research note on Monday, February 5th. Jefferies Financial Group started coverage on shares of Take-Two Interactive Software in a report on Monday, April 1st. They issued a “buy” rating and a $195.00 price objective on the stock. HSBC lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 target price for the company. in a research note on Friday. Wells Fargo & Company raised their price target on shares of 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. Finally, Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price target for the company from $170.00 to $200.00 in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $176.32.
Check Out Our Latest Stock Analysis on TTWO
Take-Two Interactive Software Trading Up 1.2 %
Take-Two Interactive Software stock opened at $147.84 on Friday. Take-Two Interactive Software has a 1 year low of $130.34 and a 1 year high of $171.59. The firm’s 50-day moving average is $146.50 and its 200-day moving average is $152.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $25.22 billion, a P/E ratio of -17.23, a PEG ratio of 1.27 and a beta of 0.75.
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last issued its earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.00% and a negative net margin of 69.99%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. On average, equities analysts expect that Take-Two Interactive Software will post 4.26 earnings per share for the current year.
Insider Buying and Selling
In other Take-Two Interactive Software 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 transaction, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.
Hedge Funds Weigh In On Take-Two Interactive Software
Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Take-Two Interactive Software by 192.4% during the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock worth $8,811,000 after purchasing an additional 41,297 shares during the last quarter. Laurion Capital Management LP acquired a new position in Take-Two Interactive Software during the third quarter worth $17,169,000. United Asset Strategies Inc. bought a new position in Take-Two Interactive Software during the fourth quarter valued at about $1,527,000. Rheos Capital Works Inc. lifted its position in shares of Take-Two Interactive Software by 380.3% in the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock worth $38,419,000 after buying an additional 189,000 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Take-Two Interactive Software by 101.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 46,513 shares of the company’s stock worth $7,486,000 after acquiring an additional 23,433 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Stories
Receive News & Ratings for Take-Two Interactive Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Take-Two Interactive Software and related companies with MarketBeat.com’s FREE daily email newsletter.
