Credit Suisse Group reaffirmed their neutral rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report sent to investors on Wednesday. The firm currently has a $73.00 price objective on the stock.
Several other analysts also recently commented on the company. Zacks Investment Research cut shares of Take-Two Interactive Software from a strong-buy rating to a hold rating in a research report on Wednesday, April 12th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $75.00 price target 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. Cowen and Company raised their price target on shares of Take-Two Interactive Software from $60.00 to $79.00 and gave the company an outperform rating in a research report on Thursday, May 25th. Finally, BMO Capital Markets raised their price target on shares of Take-Two Interactive Software from $64.00 to $87.00 and gave the company an outperform rating in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software has a consensus rating of Buy and an average target price of $85.22.
Take-Two Interactive Software (NASDAQ TTWO) traded up 1.11% during mid-day trading on Wednesday, reaching $89.30. The company had a trading volume of 1,100,720 shares. Take-Two Interactive Software has a one year low of $40.63 and a one year high of $92.22. The stock has a 50 day moving average price of $79.07 and a 200 day moving average price of $67.10. The company has a market capitalization of $9.33 billion, a P/E ratio of 52.72 and a beta of 0.83.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the business posted ($0.21) EPS. On average, equities analysts expect that Take-Two Interactive Software will post $2.16 earnings per share for the current fiscal year.
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In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Daniel P. Emerson sold 5,884 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total transaction of $451,185.12. Following the transaction, the vice president now directly owns 117,019 shares in the company, valued at approximately $8,973,016.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,840 shares of company stock worth $12,280,114. Insiders own 1.55% of the company’s stock.
Several large investors have recently bought and sold shares of TTWO. Fifth Third Bancorp boosted its stake in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares during the period. Meeder Asset Management Inc. bought a new stake in Take-Two Interactive Software during the first quarter worth approximately $114,000. Smithfield Trust Co. bought a new stake in Take-Two Interactive Software during the second quarter worth approximately $125,000. Crow Point Partners LLC boosted its stake in Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after buying an additional 689 shares during the period. Finally, Fortaleza Asset Management Inc. bought a new stake in Take-Two Interactive Software during the second quarter worth approximately $134,000. 97.30% of the stock is currently owned by 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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