Take-Two Interactive Software Inc. (NASDAQ:TTWO) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 12,508,579 shares, a decrease of 5.4% from the August 31st total of 13,227,513 shares. Based on an average trading volume of 1,410,713 shares, the short-interest ratio is presently 8.9 days. Currently, 14.9% of the shares of the stock are short sold.
A number of analysts recently weighed in on TTWO shares. Jefferies Group restated a “buy” rating and issued a $45.00 price objective on shares of Take-Two Interactive Software in a report on Monday, June 27th. Stifel Nicolaus restated a “buy” rating and issued a $41.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 12th. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, July 20th. Piper Jaffray Cos. increased their price objective on Take-Two Interactive Software from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Finally, Pacific Crest restated a “hold” rating on shares of Take-Two Interactive Software in a report on Friday, August 5th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average target price of $43.54.
Take-Two Interactive Software (NASDAQ:TTWO) opened at 45.50 on Wednesday. The firm’s 50 day moving average is $43.91 and its 200 day moving average is $39.37. The company has a market cap of $3.85 billion, a PE ratio of 189.58 and a beta of 1.12. Take-Two Interactive Software has a 52-week low of $29.08 and a 52-week high of $46.78.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $311.60 million for the quarter, compared to analysts’ expectations of $258.46 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was down 25.6% compared to the same quarter last year. Analysts forecast that Take-Two Interactive Software will post $1.22 EPS for the current fiscal year.
In other news, CEO Strauss Zelnick sold 9,134 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $41.01, for a total value of $374,585.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Seven Bridges Advisors LLC boosted its position in Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock worth $110,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock valued at $116,000 after buying an additional 104 shares in the last quarter. US Bancorp DE boosted its position in shares of Take-Two Interactive Software by 38.0% in the second quarter. US Bancorp DE now owns 5,598 shares of the company’s stock valued at $212,000 after buying an additional 1,542 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Take-Two Interactive Software during the second quarter valued at about $250,000. Finally, Navellier & Associates Inc boosted its position in shares of Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock valued at $256,000 after buying an additional 334 shares in the last quarter.
About Take-Two Interactive Software
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.
Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.