TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target raised by Credit Suisse Group from $115.00 to $119.00 in a research note released on Tuesday, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.
TTWO has been the topic of several other research reports. KeyCorp lowered their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an overweight rating on the stock in a research note on Tuesday. Wedbush restated an outperform rating and issued a $126.00 price target (up previously from $119.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, May 8th. MKM Partners dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a buy rating for the company in a research report on Thursday, February 7th. Stephens set a $110.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a buy rating in a research report on Tuesday, March 26th. Finally, Zacks Investment Research cut TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a sell rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $126.19.
TTWO traded down $1.02 on Tuesday, hitting $106.53. 12,099 shares of the company’s stock were exchanged, compared to its average volume of 2,110,455. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $84.41 and a fifty-two week high of $139.91. The stock has a market cap of $12.10 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The business had revenue of $488.40 million for the quarter, compared to analyst estimates of $500.86 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.44 EPS for the current year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of TTWO. Alerus Financial NA raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 0.4% in the 4th quarter. Alerus Financial NA now owns 27,459 shares of the company’s stock valued at $2,827,000 after acquiring an additional 96 shares in the last quarter. HCR Wealth Advisors boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 3.9% in the 4th quarter. HCR Wealth Advisors now owns 2,692 shares of the company’s stock valued at $277,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 1.1% in the 4th quarter. Securian Asset Management Inc now owns 11,779 shares of the company’s stock valued at $1,213,000 after purchasing an additional 123 shares during the period. Daiwa Securities Group Inc. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,539 shares of the company’s stock valued at $523,000 after purchasing an additional 125 shares during the period. Finally, Evolution Wealth Advisors LLC boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 17.1% in the 1st quarter. Evolution Wealth Advisors LLC now owns 857 shares of the company’s stock valued at $81,000 after purchasing an additional 125 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
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 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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