Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price objective raised by analysts at Stifel Nicolaus from $105.00 to $122.00 in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 10.26% from the company’s current price.
A number of other research firms have also commented on TTWO. MKM Partners raised their price objective on shares of Take-Two Interactive Software from $97.00 to $122.00 and gave the company a “buy” rating in a research note on Monday. Cowen and Company lowered shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective on the stock. in a research note on Monday, October 9th. KeyCorp reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, October 17th. BMO Capital Markets raised their price objective on shares of Take-Two Interactive Software from $100.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $112.00 price objective (up previously from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $96.30.
Take-Two Interactive Software (TTWO) opened at 110.65 on Wednesday. The firm’s 50-day moving average price is $103.16 and its 200 day moving average price is $84.44. The firm has a market cap of $11.56 billion, a PE ratio of 65.32 and a beta of 0.78. Take-Two Interactive Software has a 52-week low of $43.33 and a 52-week high of $110.86.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same quarter last year, the business earned ($0.21) earnings per share. Take-Two Interactive Software’s revenue was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that Take-Two Interactive Software will post $2.21 earnings per share for the current year.
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In related news, Director Michael Dornemann sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the transaction, the director now owns 9,394 shares of the company’s stock, valued at approximately $824,793.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 in the last ninety days. Company insiders own 1.55% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TTWO. Teachers Advisors LLC boosted its stake in Take-Two Interactive Software by 0.5% in the 1st quarter. Teachers Advisors LLC now owns 635,386 shares of the company’s stock worth $37,659,000 after purchasing an additional 2,869 shares during the period. Nuveen Asset Management LLC boosted its stake in Take-Two Interactive Software by 1,011.3% in the 1st quarter. Nuveen Asset Management LLC now owns 67,410 shares of the company’s stock worth $3,995,000 after purchasing an additional 61,344 shares during the period. KAMES CAPITAL plc acquired a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $1,080,000. Glaxis Capital Management LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $881,000. Finally, Gateway Investment Advisers LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter worth approximately $6,544,000. 98.46% 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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