Ascendiant Capital Markets Analysts Give Take-Two Interactive Software (NASDAQ:TTWO) a $160.00 Price Target

Ascendiant Capital Markets set a $160.00 price target on Take-Two Interactive Software (NASDAQ:TTWOGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

Several other equities research analysts also recently weighed in on TTWO. The Goldman Sachs Group reaffirmed a neutral rating and issued a $136.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, June 9th. Credit Suisse Group dropped their price target on shares of Take-Two Interactive Software to $190.00 and set a neutral rating on the stock in a research report on Tuesday, May 17th. Cowen decreased their price objective on Take-Two Interactive Software to $185.00 and set a na rating for the company in a report on Tuesday, May 17th. Oppenheimer cut their target price on Take-Two Interactive Software from $215.00 to $190.00 and set a na rating on the stock in a research report on Tuesday, May 17th. Finally, Wedbush increased their price target on Take-Two Interactive Software from $145.00 to $162.00 and gave the company an outperform rating in a research report on Wednesday, June 8th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $180.32.

Shares of TTWO stock opened at $130.05 on Monday. Take-Two Interactive Software has a one year low of $101.85 and a one year high of $195.82. The business’s 50 day simple moving average is $123.96 and its 200 day simple moving average is $148.18. The stock has a market capitalization of $15.06 billion, a PE ratio of 36.33, a PEG ratio of 1.78 and a beta of 0.77.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its earnings results on Monday, May 16th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.25. The business had revenue of $845.78 million during the quarter, compared to the consensus estimate of $884.62 million. Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. Take-Two Interactive Software’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 earnings per share. Sell-side analysts predict that Take-Two Interactive Software will post 3.33 earnings per share for the current year.

In related news, President Karl Slatoff sold 152,373 shares of the business’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $138.64, for a total transaction of $21,124,992.72. Following the sale, the president now directly owns 437,067 shares in the company, valued at approximately $60,594,968.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 3,125 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $127.78, for a total value of $399,312.50. Following the completion of the transaction, the insider now owns 95,572 shares of the company’s stock, valued at approximately $12,212,190.16. The disclosure for this sale can be found here. Insiders sold 158,879 shares of company stock valued at $21,944,327 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP raised its position in shares of Take-Two Interactive Software by 0.7% in the fourth quarter. River & Mercantile Asset Management LLP now owns 9,250 shares of the company’s stock worth $1,644,000 after buying an additional 60 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Take-Two Interactive Software by 40.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 230 shares of the company’s stock valued at $41,000 after acquiring an additional 66 shares during the last quarter. Huntington National Bank grew its holdings in shares of Take-Two Interactive Software by 62.3% during the fourth quarter. Huntington National Bank now owns 185 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. First Midwest Bank Trust Division increased its position in shares of Take-Two Interactive Software by 1.5% in the fourth quarter. First Midwest Bank Trust Division now owns 5,273 shares of the company’s stock worth $937,000 after purchasing an additional 79 shares during the last quarter. Finally, Oder Investment Management LLC raised its stake in Take-Two Interactive Software by 1.2% in the fourth quarter. Oder Investment Management LLC now owns 6,949 shares of the company’s stock valued at $1,235,000 after purchasing an additional 80 shares in the last quarter. 88.08% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software (Get Rating)

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 T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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