Take-Two Interactive Software, Inc. (TTWO) Stock Rating Reaffirmed by Credit Suisse Group

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse Group in a research note issued to investors on Wednesday. They currently have a $73.00 price target on the stock. Credit Suisse Group’s price target suggests a potential downside of 17.35% from the stock’s previous close.

Several other research firms have also issued reports on TTWO. Stifel Nicolaus reissued a “buy” rating and issued a $96.00 target price (up from $87.00) on shares of Take-Two Interactive Software in a report on Wednesday. Benchmark Co. reissued a “buy” rating and issued a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a report on Wednesday. Macquarie reissued an “outperform” rating and issued a $99.00 target price (up from $82.00) on shares of Take-Two Interactive Software in a report on Wednesday. Cowen and Company reissued an “outperform” rating and issued a $83.00 target price (up from $79.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $90.00 target price (up from $80.00) on shares of Take-Two Interactive Software in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.22.

Take-Two Interactive Software (TTWO) traded up 1.21% on Wednesday, hitting $89.39. 692,613 shares of the company were exchanged. Take-Two Interactive Software has a 52 week low of $40.63 and a 52 week high of $92.22. The stock has a market capitalization of $9.34 billion, a P/E ratio of 52.77 and a beta of 0.83. The company has a 50 day moving average price of $78.61 and a 200-day moving average price of $66.83.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) EPS. On average, equities analysts expect that Take-Two Interactive Software will post $2.16 earnings per share for the current fiscal year.

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In related news, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total transaction of $2,630,400.00. Following the completion of the transaction, the chief financial officer now directly owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,840 shares of company stock valued at $12,280,114. 1.55% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC raised its position in Take-Two Interactive Software by 7.8% in the first quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock worth $105,780,000 after buying an additional 129,572 shares during the period. Eqis Capital Management Inc. raised its position in Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock worth $428,000 after buying an additional 957 shares during the period. UBS Group AG raised its position in Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock worth $5,201,000 after buying an additional 17,809 shares during the period. Advantus Capital Management Inc acquired a new position in Take-Two Interactive Software during the first quarter worth $770,000. Finally, Clinton Group Inc. raised its position in Take-Two Interactive Software by 865.7% in the first quarter. Clinton Group Inc. now owns 98,198 shares of the company’s stock worth $5,820,000 after buying an additional 88,029 shares during the period. 97.30% of the stock is owned by hedge funds and other institutional investors.

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.

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