Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating restated by investment analysts at Benchmark Co. in a research note issued on Wednesday, May 24th, MarketBeat reports. They currently have a $85.00 price target on the stock, up from their prior price target of $77.00. Benchmark Co.’s price target indicates a potential upside of 14.62% from the stock’s current price.
TTWO has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $68.00 price target for the company in a research report on Thursday, April 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Stifel Nicolaus upped their price target on shares of Take-Two Interactive Software from $59.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $75.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, April 20th. Finally, TheStreet lowered shares of Take-Two Interactive Software from a “b+” rating to a “c+” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. Take-Two Interactive Software has a consensus rating of “Buy” and an average target price of $72.41.
Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up 0.20% during trading on Wednesday, hitting $74.16. The stock had a trading volume of 2,227,978 shares. Take-Two Interactive Software has a 1-year low of $35.00 and a 1-year high of $80.54. The company has a market capitalization of $7.29 billion, a P/E ratio of 103.72 and a beta of 0.66. The firm has a 50-day moving average of $71.60 and a 200 day moving average of $59.28.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The company had revenue of $407.20 million during the quarter, compared to analyst estimates of $354.10 million. Take-Two Interactive Software had a net margin of 3.70% and a return on equity of 22.89%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. Equities research analysts predict that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.
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In related news, Director Michael Sheresky sold 516 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $39,566.88. Following the transaction, the director now owns 67,733 shares of the company’s stock, valued at approximately $5,193,766.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Karl Slatoff sold 387,237 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $57.98, for a total transaction of $22,452,001.26. The disclosure for this sale can be found here. In the last three months, insiders sold 447,077 shares of company stock worth $27,096,616. Insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TTWO. Sapphire Star Partners LP increased its position in Take-Two Interactive Software by 83.1% in the fourth quarter. Sapphire Star Partners LP now owns 13,120 shares of the company’s stock valued at $647,000 after buying an additional 5,954 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Take-Two Interactive Software by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 57,403 shares of the company’s stock valued at $2,829,000 after buying an additional 180 shares in the last quarter. Artemis Investment Management LLP increased its position in Take-Two Interactive Software by 21.0% in the fourth quarter. Artemis Investment Management LLP now owns 1,047,066 shares of the company’s stock valued at $51,610,000 after buying an additional 181,828 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $7,236,000. Finally, J.P. Marvel Investment Advisors LLC boosted its position in shares of Take-Two Interactive Software by 8.5% in the third quarter. J.P. Marvel Investment Advisors LLC now owns 21,695 shares of the company’s stock valued at $978,000 after buying an additional 1,695 shares during the last quarter.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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