Robert W. Baird Cuts TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Price Target to $114.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price reduced by Robert W. Baird to $114.00 in a research report report published on Thursday, The Fly reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Buckingham Research reaffirmed a buy rating and issued a $130.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, December 18th. Benchmark boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the company a buy rating in a research note on Thursday. Credit Suisse Group lowered their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $126.00 to $112.00 and set a neutral rating for the company in a research note on Thursday. ValuEngine cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a research note on Thursday. Finally, Goldman Sachs Group initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, January 30th. They set a buy rating and a $130.00 price objective for the company. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE presently has a consensus rating of Buy and an average price target of $136.90.

TTWO stock opened at $97.14 on Thursday. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 55.51, a PEG ratio of 1.65 and a beta of 1.07. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $91.49 and a one year high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Wednesday, February 6th. The company reported $3.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $1.17. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue for the quarter was up 139.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. As a group, equities analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.37 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Lavaca Capital LLC purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth $25,000. Synovus Financial Corp boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 381.5% during the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 206 shares during the period. TCI Wealth Advisors Inc. boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 348.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock worth $29,000 after purchasing an additional 216 shares during the period. Kistler Tiffany Companies LLC purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth $31,000. Finally, Optimum Investment Advisors boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 211.1% during the 4th quarter. Optimum Investment Advisors now owns 500 shares of the company’s stock worth $51,000 after purchasing an additional 950 shares during the period. 90.40% of the stock is owned by hedge funds and other institutional investors.

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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