Take-Two Interactive Software Inc. (NASDAQ:TTWO) had its price objective increased by equities research analysts at Benchmark Co. to $51.79 in a note issued to investors on Wednesday. Benchmark Co.’s price target would indicate a potential upside of 12.32% from the company’s previous close.
Several other equities research analysts also recently commented on the stock. Jefferies Group reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, July 11th. Piper Jaffray Cos. lifted their target price on shares of Take-Two Interactive Software from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Zacks Investment Research downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Stifel Nicolaus restated a “buy” rating and issued a $41.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, July 12th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $48.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Take-Two Interactive Software presently has a consensus rating of “Buy” and an average price target of $43.54.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 46.11 on Wednesday. The company has a market capitalization of $3.90 billion, a P/E ratio of 192.12 and a beta of 1.09. Take-Two Interactive Software has a 1-year low of $27.85 and a 1-year high of $46.78. The company’s 50 day moving average is $43.39 and its 200-day moving average is $39.01.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.08. Take-Two Interactive Software had a net margin of 1.39% and a return on equity of 20.92%. The business had revenue of $311.60 million for the quarter, compared to the consensus estimate of $258.46 million. During the same period last year, the company earned $0.31 EPS. The firm’s revenue was down 25.6% compared to the same quarter last year. On average, equities research analysts forecast that Take-Two Interactive Software will post $1.25 EPS for the current year.
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 9,134 shares of Take-Two Interactive Software stock in a transaction on Monday, August 8th. The shares were sold at an average price of $41.01, for a total transaction of $374,585.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC purchased a new position in Take-Two Interactive Software during the second quarter worth about $629,000. Harbour Capital Advisors LLC purchased a new position in Take-Two Interactive Software during the second quarter worth about $936,000. Schwab Charles Investment Management Inc. increased its position in Take-Two Interactive Software by 34.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 681,476 shares of the company’s stock worth $25,842,000 after buying an additional 174,558 shares in the last quarter. Amalgamated Bank increased its position in Take-Two Interactive Software by 7.0% in the second quarter. Amalgamated Bank now owns 9,630 shares of the company’s stock worth $399,000 after buying an additional 633 shares in the last quarter. Finally, GLG LLC purchased a new position in Take-Two Interactive Software during the second quarter worth about $5,688,000.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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