Morgan Stanley Increases TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Price Target to $150.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target raised by investment analysts at Morgan Stanley from $145.00 to $150.00 in a report issued on Thursday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 32.68% from the stock’s current price.

Several other research firms have also recently commented on TTWO. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Bank of America lifted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus lifted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Sanford C. Bernstein started coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $116.00 to $119.00 and gave the stock a “market perform” rating in a research report on Monday, August 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $144.94.

TTWO stock opened at $113.05 on Thursday. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 49.15, a P/E/G ratio of 2.52 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $92.81 and a 52-week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. The business had revenue of $583.42 million during the quarter, compared to the consensus estimate of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 19.13% and a net margin of 11.76%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Equities research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current fiscal year.

In related news, VP Daniel P. Emerson sold 13,268 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul E. Viera purchased 75,000 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was bought at an average cost of $133.93 per share, for a total transaction of $10,044,750.00. Following the acquisition, the director now directly owns 926 shares in the company, valued at approximately $124,019.18. The disclosure for this purchase can be found here. Insiders sold a total of 36,463 shares of company stock worth $4,664,100 in the last ninety days. 1.07% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Capital Advisors Ltd. LLC raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 169.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock valued at $115,000 after acquiring an additional 525 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at $130,000. Girard Partners LTD. bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at $137,000. Piedmont Investment Advisors LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at $155,000. Finally, Clear Perspective Advisors LLC raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 86.7% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,400 shares of the company’s stock valued at $166,000 after acquiring an additional 650 shares during the period. 93.93% of the stock is currently owned by institutional investors.

About TAKE-TWO INTERACTIVE SOFTWARE

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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