Stifel Nicolaus reiterated their buy rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. Stifel Nicolaus currently has a $105.00 price objective on the stock, up from their previous price objective of $96.00.
A number of other research firms also recently weighed in on TTWO. MKM Partners restated a buy rating and set a $80.00 target price (up previously from $63.00) on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Benchmark Co. restated a buy rating and set a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Robert W. Baird boosted their target price on Take-Two Interactive Software from $53.00 to $80.00 and gave the stock an outperform rating in a research report on Wednesday, May 24th. Bank of America Corporation boosted their target price on 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. Finally, Zacks Investment Research downgraded Take-Two Interactive Software from a buy rating to a hold rating in a research report on Saturday, May 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $87.42.
Take-Two Interactive Software (NASDAQ TTWO) opened at 99.62 on Wednesday. The company’s 50-day moving average price is $90.00 and its 200 day moving average price is $72.43. Take-Two Interactive Software has a 52 week low of $41.70 and a 52 week high of $100.59. The company has a market cap of $10.41 billion, a PE ratio of 58.81 and a beta of 0.77.
Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share. On average, analysts anticipate that Take-Two Interactive Software will post $2.16 EPS for the current year.
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In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the completion of the transaction, the chief financial officer now directly owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,465 shares of company stock valued at $7,677,331. Insiders own 1.55% of the company’s stock.
A number of large investors have recently bought and sold shares of TTWO. ProShare Advisors LLC grew its stake in Take-Two Interactive Software by 17.7% in the first quarter. ProShare Advisors LLC now owns 18,390 shares of the company’s stock valued at $1,090,000 after acquiring an additional 2,764 shares during the period. Glen Harbor Capital Management LLC grew its stake in Take-Two Interactive Software by 23.2% in the first quarter. Glen Harbor Capital Management LLC now owns 4,092 shares of the company’s stock valued at $243,000 after acquiring an additional 770 shares during the period. Janney Montgomery Scott LLC acquired a new position in Take-Two Interactive Software in the first quarter valued at about $576,000. Shell Asset Management Co. grew its stake in Take-Two Interactive Software by 103.2% in the first quarter. Shell Asset Management Co. now owns 17,203 shares of the company’s stock valued at $1,020,000 after acquiring an additional 8,739 shares during the period. Finally, Strs Ohio grew its stake in Take-Two Interactive Software by 37.1% in the first quarter. Strs Ohio now owns 19,200 shares of the company’s stock valued at $1,137,000 after acquiring an additional 5,200 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.
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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