Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe. “
Other equities analysts have also recently issued research reports about the stock. Benchmark Co. reaffirmed a “buy” rating and issued a $85.00 price objective (up previously from $77.00) on shares of Take-Two Interactive Software in a research note on Wednesday, May 24th. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. MKM Partners reissued a “buy” rating and issued a $80.00 target price (up from $63.00) on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $74.00 target price (up from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Finally, Bank of America Corporation lifted their target price on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.18.
Take-Two Interactive Software (TTWO) traded down 0.33% during mid-day trading on Thursday, hitting $75.96. 53,450 shares of the stock traded hands. The stock has a 50 day moving average price of $73.71 and a 200 day moving average price of $60.86. Take-Two Interactive Software has a 12-month low of $39.81 and a 12-month high of $80.54. The firm has a market cap of $7.47 billion, a PE ratio of 106.24 and a beta of 0.82.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $354.10 million. Take-Two Interactive Software had a net margin of 3.70% and a return on equity of 22.89%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, analysts expect that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.
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In other Take-Two Interactive Software news, Director Michael Sheresky sold 516 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $39,566.88. Following the completion of the sale, the director now directly owns 67,733 shares in the company, valued at $5,193,766.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 35,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $78.53, for a total transaction of $2,748,550.00. The disclosure for this sale can be found here. Insiders have sold 59,840 shares of company stock worth $4,644,614 over the last ninety days. 2.50% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Oakbrook Investments LLC acquired a new stake in Take-Two Interactive Software during the first quarter worth about $433,000. Columbus Circle Investors boosted its stake in Take-Two Interactive Software by 71.0% in the first quarter. Columbus Circle Investors now owns 1,011,013 shares of the company’s stock worth $59,923,000 after buying an additional 419,949 shares during the period. Barometer Capital Management Inc. boosted its stake in Take-Two Interactive Software by 22.8% in the first quarter. Barometer Capital Management Inc. now owns 125,600 shares of the company’s stock worth $7,444,000 after buying an additional 23,300 shares during the period. Bank of Montreal Can boosted its stake in Take-Two Interactive Software by 190.0% in the first quarter. Bank of Montreal Can now owns 122,298 shares of the company’s stock worth $7,248,000 after buying an additional 80,128 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Take-Two Interactive Software by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 42,900 shares of the company’s stock worth $2,115,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.
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.
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