Take-Two Interactive Software Inc (TTWO) Receives Average Recommendation of “Buy” from Brokerages

Take-Two Interactive Software Inc (NASDAQ:TTWO) has earned an average rating of “Buy” from the twenty-eight analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $116.32.

TTWO has been the subject of a number of recent research reports. Cowen downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price objective for the company. in a research report on Monday, October 9th. BidaskClub raised shares of Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. CIBC reissued an “outperform” rating and set a $135.00 target price (up from $112.00) on shares of Take-Two Interactive Software in a research note on Tuesday, November 21st. Oppenheimer boosted their target price on shares of Take-Two Interactive Software from $112.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. Finally, KeyCorp reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, December 19th.

In other news, CEO Strauss Zelnick sold 31,004 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Lainie Goldstein sold 30,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 351,019 shares of the company’s stock, valued at $40,556,735.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,504 shares of company stock valued at $7,729,606. Company insiders own 1.55% of the company’s stock.

Several large investors have recently modified their holdings of TTWO. Thrivent Financial For Lutherans raised its holdings in shares of Take-Two Interactive Software by 11.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 21,070 shares of the company’s stock worth $1,546,000 after purchasing an additional 2,220 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock worth $615,847,000 after purchasing an additional 115,430 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Take-Two Interactive Software by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 222,700 shares of the company’s stock worth $16,342,000 after purchasing an additional 5,100 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Take-Two Interactive Software by 4.1% in the 2nd quarter. Voya Investment Management LLC now owns 38,261 shares of the company’s stock worth $2,808,000 after purchasing an additional 1,513 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $294,000. 91.06% of the stock is owned by institutional investors.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded down $2.97 during trading hours on Friday, hitting $121.67. 2,260,000 shares of the company were exchanged, compared to its average volume of 1,610,000. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. Take-Two Interactive Software has a twelve month low of $53.35 and a twelve month high of $129.25. The company has a market cap of $13,550.00, a P/E ratio of 111.62, a PEG ratio of 3.61 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.22. Take-Two Interactive Software had a net margin of 6.58% and a return on equity of 27.10%. The business had revenue of $576.99 million during the quarter, compared to the consensus estimate of $516.89 million. analysts expect that Take-Two Interactive Software will post 2.24 earnings per share for the current fiscal year.

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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.

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

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