TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Receives New Coverage from Analysts at Stephens

Stephens initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm issued an overweight rating and a $138.00 target price on the stock.

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a research report on Thursday. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a sell rating to a hold rating in a research report on Saturday, December 22nd. Buckingham Research restated a buy rating and set a $130.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, December 18th. TheStreet lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a b rating to a c+ rating in a research report on Wednesday, November 7th. Finally, Morgan Stanley lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an overweight rating in a report on Thursday, November 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of Buy and an average target price of $143.38.

Shares of NASDAQ TTWO opened at $109.03 on Thursday. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $92.81 and a 1 year high of $139.91. The company has a market cap of $12.24 billion, a P/E ratio of 62.30, a PEG ratio of 1.87 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The firm had revenue of $583.42 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the business earned $1.09 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 1.1% compared to the same quarter last year. Analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 3.37 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 35.1% in the 3rd quarter. FMR LLC now owns 3,564,945 shares of the company’s stock valued at $491,927,000 after acquiring an additional 926,316 shares during the period. Congress Asset Management Co. MA purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter valued at $91,225,000. Marshall Wace LLP raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 132.3% in the 3rd quarter. Marshall Wace LLP now owns 899,888 shares of the company’s stock valued at $124,176,000 after acquiring an additional 512,445 shares during the period. Allianz Asset Management GmbH raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 26.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock valued at $319,980,000 after acquiring an additional 489,197 shares during the period. Finally, FIL Ltd raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2,484.7% in the 3rd quarter. FIL Ltd now owns 446,794 shares of the company’s stock valued at $61,653,000 after acquiring an additional 429,508 shares during the period. Institutional investors own 90.34% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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