Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, July 25th.
Several other analysts have also recently weighed in on TTWO. Zacks Investment Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $68.00 price target for the company in a research note on Thursday, April 6th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, April 20th. Benchmark Co. reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, April 24th. Pacific Crest reiterated an “overweight” rating and set a $74.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, April 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $74.00 target price (up from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Take-Two Interactive Software presently has a consensus rating of “Buy” and an average price target of $81.44.
Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up 1.58% during trading on Tuesday, hitting $91.95. The stock had a trading volume of 1,641,588 shares. The company has a market capitalization of $9.73 billion, a PE ratio of 54.12 and a beta of 0.83. Take-Two Interactive Software has a 52 week low of $40.63 and a 52 week high of $92.22. The firm has a 50-day moving average price of $75.75 and a 200 day moving average price of $65.30.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The business had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same quarter in the prior year, the company posted ($0.21) EPS. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts anticipate that Take-Two Interactive Software will post $2.10 earnings per share for the current year.
In other news, CEO Strauss Zelnick sold 35,000 shares of Take-Two Interactive Software stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $78.53, for a total value of $2,748,550.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 516 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total transaction of $39,566.88. Following the sale, the director now directly owns 67,733 shares in the company, valued at approximately $5,193,766.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,840 shares of company stock worth $4,644,614. Insiders own 1.55% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $32,888,000. Quadrature Capital Ltd increased its stake in Take-Two Interactive Software by 16.8% in the fourth quarter. Quadrature Capital Ltd now owns 29,902 shares of the company’s stock worth $1,474,000 after buying an additional 4,309 shares in the last quarter. Teachers Advisors LLC increased its stake in Take-Two Interactive Software by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 632,517 shares of the company’s stock worth $31,177,000 after buying an additional 29,588 shares in the last quarter. Macquarie Group Ltd. increased its stake in Take-Two Interactive Software by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 42,900 shares of the company’s stock worth $2,115,000 after buying an additional 7,600 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Take-Two Interactive Software by 190.0% in the first quarter. Bank of Montreal Can now owns 122,298 shares of the company’s stock worth $7,248,000 after buying an additional 80,128 shares during the last quarter. 97.30% of the stock is currently owned by hedge funds and other institutional investors.
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.
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