Take-Two Interactive Software (NASDAQ:TTWO) Receives Outperform Rating from Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $190.00 price target on the stock. Wedbush’s price target suggests a potential upside of 32.12% from the stock’s current price.

A number of other equities analysts have also commented on TTWO. Benchmark lifted their price target on shares of Take-Two Interactive Software from $164.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $200.00 in a research report on Monday, April 8th. Finally, Wells Fargo & Company boosted their target price on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $176.39.

Take-Two Interactive Software Stock Down 1.1 %

NASDAQ:TTWO traded down $1.64 during trading hours on Wednesday, reaching $143.81. The company’s stock had a trading volume of 821,962 shares, compared to its average volume of 1,657,245. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $24.53 billion, a price-to-earnings ratio of -16.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. Take-Two Interactive Software has a one year low of $119.57 and a one year high of $171.59. The business’s 50-day moving average is $149.97 and its 200-day moving average is $152.21.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. Equities research analysts predict that Take-Two Interactive Software will post 0.87 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock valued at $3,020,116,000 after acquiring an additional 259,149 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Take-Two Interactive Software by 1.5% in the first quarter. BlackRock Inc. now owns 12,311,580 shares of the company’s stock valued at $1,468,771,000 after purchasing an additional 182,016 shares in the last quarter. State Street Corp raised its position in Take-Two Interactive Software by 2.8% in the 1st quarter. State Street Corp now owns 7,016,407 shares of the company’s stock worth $836,988,000 after purchasing an additional 192,805 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Take-Two Interactive Software by 1.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock worth $662,690,000 after buying an additional 84,633 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Take-Two Interactive Software by 12.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock worth $755,165,000 after buying an additional 521,456 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.