Take-Two Interactive Software (TTWO) Rating Reiterated by KeyCorp

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating restated by stock analysts at KeyCorp in a report released on Tuesday.

A number of other research analysts also recently issued reports on the stock. Cowen downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target on the stock. in a research report on Monday, October 9th. CIBC restated an “outperform” rating and issued a $135.00 price target (up from $112.00) on shares of Take-Two Interactive Software in a research report on Tuesday, November 21st. Benchmark restated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. Oppenheimer raised their price target on shares of Take-Two Interactive Software from $112.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $96.00) on shares of Take-Two Interactive Software in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.23.

Take-Two Interactive Software (TTWO) opened at $109.28 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. Take-Two Interactive Software has a 52-week low of $48.58 and a 52-week high of $120.62. The stock has a market cap of $12,582.34, a PE ratio of 43.09, a PEG ratio of 3.20 and a beta of 0.81.

In other Take-Two Interactive Software news, Director Michael Dornemann sold 5,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $118.50, for a total transaction of $651,750.00. Following the transaction, the director now owns 4,777 shares of the company’s stock, valued at approximately $566,074.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the transaction, the chief financial officer now directly owns 351,019 shares in the company, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,504 shares of company stock worth $7,729,606. 1.55% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock valued at $615,847,000 after buying an additional 115,430 shares during the period. JPMorgan Chase & Co. increased its stake in Take-Two Interactive Software by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock valued at $305,169,000 after buying an additional 78,006 shares during the period. Jackson Square Partners LLC increased its stake in Take-Two Interactive Software by 137.9% during the 3rd quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after buying an additional 2,026,010 shares during the period. Alkeon Capital Management LLC increased its stake in Take-Two Interactive Software by 10.1% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,843,630 shares of the company’s stock valued at $290,705,000 after buying an additional 260,000 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Take-Two Interactive Software by 1,045.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after buying an additional 1,781,500 shares during the period. 91.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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