TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Lowered to “Underperform” at BMO Capital Markets

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was downgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a note issued to investors on Tuesday, The Fly reports.

A number of other brokerages also recently issued reports on TTWO. Credit Suisse Group upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the company a “neutral” rating in a research note on Thursday, November 8th. Barclays set a $144.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Thursday, November 8th. Wedbush set a $150.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Thursday, November 8th. Bank of America upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Thursday, November 8th. Finally, Morgan Stanley upped their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $136.90.

NASDAQ TTWO opened at $93.44 on Tuesday. The firm has a market capitalization of $10.99 billion, a P/E ratio of 53.39, a P/E/G ratio of 1.65 and a beta of 1.07. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $91.49 and a 12 month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, February 6th. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $1.17. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 28.92% and a net margin of 14.26%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 139.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. As a group, equities analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.37 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Tennessee Treasury Department lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 18.8% during the 4th quarter. State of Tennessee Treasury Department now owns 40,267 shares of the company’s stock worth $4,145,000 after purchasing an additional 6,385 shares in the last quarter. Advisor Group Inc. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 17.5% during the 4th quarter. Advisor Group Inc. now owns 7,056 shares of the company’s stock worth $726,000 after purchasing an additional 1,053 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,767 shares of the company’s stock worth $1,829,000 after purchasing an additional 426 shares in the last quarter. Bank of Nova Scotia lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 6.0% during the 4th quarter. Bank of Nova Scotia now owns 24,520 shares of the company’s stock worth $2,524,000 after purchasing an additional 1,389 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 131.0% during the 4th quarter. Raymond James & Associates now owns 45,222 shares of the company’s stock worth $4,655,000 after purchasing an additional 25,648 shares in the last quarter. 92.80% of the stock is currently owned by institutional investors and hedge funds.

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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