Take-Two Interactive Software (TTWO) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a buy rating to a hold rating in a research report sent to investors on Friday.

Several other research firms have also commented on TTWO. Benchmark reissued a buy rating and issued a $100.00 price target (up from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Piper Jaffray Companies reissued a buy rating and issued a $125.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Credit Suisse Group reissued a neutral rating and issued a $116.00 price target (up from $95.00) on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Stifel Nicolaus reissued a buy rating and issued a $96.00 price target (up from $87.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, Buckingham Research boosted their price target on Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Take-Two Interactive Software has a consensus rating of Buy and an average target price of $112.90.

Take-Two Interactive Software (TTWO) opened at $102.11 on Friday. The company has a market capitalization of $11,650.00, a price-to-earnings ratio of 43.27, a PEG ratio of 3.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. Take-Two Interactive Software has a 1 year low of $47.48 and a 1 year high of $120.62.

In related news, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $116.49, for a total transaction of $3,611,655.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $115.54, for a total value of $3,466,200.00. Following the transaction, the chief financial officer now owns 351,019 shares in the company, valued at $40,556,735.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,504 shares of company stock worth $7,729,606. 1.55% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in TTWO. Dupont Capital Management Corp purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $102,000. Invictus RG grew its stake in Take-Two Interactive Software by 1,188.8% during the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after purchasing an additional 951 shares during the last quarter. Smithfield Trust Co. purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $125,000. Fortaleza Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $134,000. Finally, Pittenger & Anderson Inc. grew its stake in Take-Two Interactive Software by 124.1% during the 3rd quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock valued at $166,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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