Q3 2018 EPS Estimates for Take-Two Interactive Software, Inc. (TTWO) Boosted by Analyst

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) – Jefferies Group increased their Q3 2018 earnings estimates for shares of Take-Two Interactive Software in a report released on Wednesday. Jefferies Group analyst T. O’shea now expects that the company will post earnings of $0.78 per share for the quarter, up from their previous estimate of $0.63. Jefferies Group currently has a “Buy” rating and a $140.00 price target on the stock. Jefferies Group also issued estimates for Take-Two Interactive Software’s Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $2.20 EPS and FY2019 earnings at $3.86 EPS.

TTWO has been the topic of a number of other reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $112.00 price objective (up from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. Buckingham Research began coverage on shares of Take-Two Interactive Software in a research note on Wednesday, September 20th. They issued a “buy” rating and a $120.00 price objective on the stock. MKM Partners reaffirmed a “buy” rating and issued a $97.00 price objective (up from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Benchmark Co. reaffirmed a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Finally, Robert W. Baird raised shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $137.00 in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $110.65.

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Take-Two Interactive Software (NASDAQ TTWO) traded up $2.58 during trading hours on Monday, hitting $118.26. 2,736,100 shares of the stock were exchanged, compared to its average volume of 1,885,645. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33. Take-Two Interactive Software has a 12 month low of $46.05 and a 12 month high of $120.62. The company has a market cap of $13,193.66, a price-to-earnings ratio of 45.19, a P/E/G ratio of 3.35 and a beta of 0.82.

In related news, CEO Strauss Zelnick sold 31,004 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was 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 of the company’s stock, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. Corporate insiders own 1.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TTWO. Jackson Square Partners LLC increased its holdings in Take-Two Interactive Software by 137.9% during the third quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock worth $357,300,000 after buying an additional 2,026,010 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Take-Two Interactive Software by 1,045.2% during the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock worth $143,234,000 after buying an additional 1,781,500 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in Take-Two Interactive Software by 7,304.4% during the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock worth $22,315,000 after buying an additional 1,615,360 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Take-Two Interactive Software by 110.3% during the third quarter. Macquarie Group Ltd. now owns 1,710,990 shares of the company’s stock worth $174,914,000 after buying an additional 897,380 shares during the last quarter. Finally, Newbrook Capital Advisors LP purchased a new stake in Take-Two Interactive Software during the second quarter worth about $40,890,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

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.

Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

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