Jefferies Financial Group lowered shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from a buy rating to a hold rating in a report published on Thursday morning, BenzingaRatingsTable reports. They currently have $115.00 target price on the stock, down from their prior target price of $135.00.
Several other brokerages also recently weighed in on TTWO. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the stock a hold rating in a research note on Wednesday, April 17th. KeyCorp dropped their target price on TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an overweight rating on the stock in a research note on Tuesday, May 14th. BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research note on Tuesday, July 2nd. Barclays set a $192.00 target price on Tesla and gave the stock a sell rating in a research note on Tuesday, May 14th. Finally, ValuEngine downgraded Verso from a hold rating to a sell rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $123.82.
TTWO opened at $116.46 on Thursday. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.63 and a beta of 0.80. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $84.41 and a 12 month high of $139.91. The stock has a fifty day moving average of $111.60.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). The company had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. As a group, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.91 earnings per share for the current year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 8,758 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total value of $2,718,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,993 shares of company stock worth $3,706,028. Company insiders own 1.07% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at about $26,000. CSat Investment Advisory L.P. lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the 1st quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 133 shares during the period. Exane Derivatives acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter valued at about $37,000. First Hawaiian Bank lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 46.7% in the 1st quarter. First Hawaiian Bank now owns 440 shares of the company’s stock valued at $42,000 after buying an additional 140 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 93.73% of the company’s stock.
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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