Take-Two Interactive Software, Inc. (TTWO) Stock Rating Reaffirmed by Benchmark Co.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reissued by stock analysts at Benchmark Co. in a research note issued on Saturday. They currently have a $110.00 target price on the stock, up from their prior target price of $100.00. Benchmark Co.’s price objective would indicate a potential upside of 9.57% from the stock’s previous close.

Several other analysts also recently commented on TTWO. Jefferies Group LLC reaffirmed a “buy” rating and set a $108.00 price objective (up previously from $91.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. MKM Partners reaffirmed a “buy” rating and set a $97.00 price objective (up previously from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $96.00 price objective (up previously from $87.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. KeyCorp set a $104.00 price objective on Take-Two Interactive Software and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Macquarie reaffirmed an “outperform” rating and set a $99.00 price objective (up previously from $82.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $87.95.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 100.39 on Friday. The stock’s 50 day moving average price is $92.79 and its 200-day moving average price is $73.92. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 59.26 and a beta of 0.77. Take-Two Interactive Software has a 12 month low of $41.70 and a 12 month high of $101.40.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to analyst estimates 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 revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned ($0.21) EPS. On average, equities research analysts predict that Take-Two Interactive Software will post $2.19 EPS for the current fiscal year.

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In related news, Director Michael Sheresky sold 465 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,465 shares of company stock worth $7,677,331. 1.55% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in TTWO. Bank of New York Mellon Corp increased its position in shares of Take-Two Interactive Software by 14.2% in the first quarter. Bank of New York Mellon Corp now owns 1,119,995 shares of the company’s stock valued at $66,382,000 after acquiring an additional 139,595 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Take-Two Interactive Software by 44.4% in the first quarter. BNP Paribas Arbitrage SA now owns 23,111 shares of the company’s stock valued at $1,370,000 after acquiring an additional 7,102 shares during the last quarter. Swiss National Bank increased its position in shares of Take-Two Interactive Software by 0.8% in the first quarter. Swiss National Bank now owns 142,600 shares of the company’s stock valued at $8,452,000 after acquiring an additional 1,200 shares during the last quarter. World Asset Management Inc increased its position in shares of Take-Two Interactive Software by 18.5% in the first quarter. World Asset Management Inc now owns 6,239 shares of the company’s stock valued at $370,000 after acquiring an additional 972 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in shares of Take-Two Interactive Software by 23.2% in the first quarter. Meadow Creek Investment Management LLC now owns 6,324 shares of the company’s stock valued at $375,000 after acquiring an additional 1,190 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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