BidaskClub Upgrades Take-Two Interactive Software (TTWO) to “Strong-Buy”

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also issued reports on the stock. Cowen lowered shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective on the stock. in a research note on Monday, October 9th. CIBC reiterated an “outperform” rating and set a $135.00 price objective (up previously from $112.00) on shares of Take-Two Interactive Software in a research note on Tuesday, November 21st. Benchmark reissued a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. Oppenheimer raised their price target on shares of Take-Two Interactive Software from $112.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Finally, MKM Partners raised their price target on shares of Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $114.23.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at $117.30 on Friday. The stock has a market cap of $13,380.00, a P/E ratio of 107.61, a PEG ratio of 3.39 and a beta of 0.80. Take-Two Interactive Software has a 12 month low of $50.51 and a 12 month high of $120.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33.

In related news, Director Michael Dornemann sold 5,500 shares of Take-Two Interactive Software stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $118.50, for a total transaction of $651,750.00. Following the sale, the director now directly owns 4,777 shares in the company, valued at $566,074.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of Take-Two Interactive Software stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the sale, the chief financial officer now owns 351,019 shares in the company, valued at $40,556,735.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,504 shares of company stock valued at $7,729,606. Corporate insiders own 1.55% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TTWO. Martingale Asset Management L P bought a new stake in shares of Take-Two Interactive Software during the second quarter valued at about $2,620,000. Riverhead Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 65.1% during the second quarter. Riverhead Capital Management LLC now owns 7,759 shares of the company’s stock valued at $569,000 after purchasing an additional 3,059 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Take-Two Interactive Software by 32.7% during the second quarter. TIAA CREF Investment Management LLC now owns 893,842 shares of the company’s stock valued at $65,590,000 after purchasing an additional 220,354 shares in the last quarter. Amalgamated Bank raised its stake in shares of Take-Two Interactive Software by 54.8% during the second quarter. Amalgamated Bank now owns 19,838 shares of the company’s stock valued at $1,456,000 after purchasing an additional 7,022 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 60.9% during the second quarter. BlueMountain Capital Management LLC now owns 32,439 shares of the company’s stock valued at $2,380,000 after purchasing an additional 12,278 shares in the last quarter. Institutional investors and hedge funds own 91.15% of the company’s stock.

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Take-Two Interactive Software Company Profile

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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