Piper Jaffray Companies Reiterates “Overweight” Rating for Take-Two Interactive Software, Inc. (TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “overweight” rating reiterated by research analysts at Piper Jaffray Companies in a report issued on Thursday, August 3rd, The Fly reports. They presently have a $100.00 price objective on the stock. Piper Jaffray Companies’ price target would suggest a potential upside of 11.98% from the stock’s previous close.

A number of other equities analysts have also commented 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 target price on the stock in a research report on Thursday, April 6th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $75.00 target price 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 reissued an “overweight” rating and set a $74.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, April 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $74.00 price objective (up from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $85.22.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 89.30 on Thursday. The stock 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 has a 12 month low of $40.63 and a 12 month high of $92.22. The company’s 50 day moving average price is $79.07 and its 200-day moving average price is $67.10.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company posted ($0.21) earnings per share. Equities analysts predict that Take-Two Interactive Software will post $2.16 earnings per share for the current year.

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In other Take-Two Interactive Software news, Director Michael Dornemann sold 7,000 shares of Take-Two Interactive Software stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the transaction, the director now owns 9,394 shares of the company’s stock, valued at $824,793.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold 146,840 shares of company stock valued at $12,280,114 over the last 90 days. 1.55% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Take-Two Interactive Software by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock worth $715,000 after buying an additional 39 shares in the last quarter. Profund Advisors LLC boosted its stake in Take-Two Interactive Software by 0.3% in the first quarter. Profund Advisors LLC now owns 16,831 shares of the company’s stock worth $998,000 after buying an additional 45 shares in the last quarter. Cigna Investments Inc. New boosted its stake in Take-Two Interactive Software by 1.3% in the second quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock worth $291,000 after buying an additional 52 shares in the last quarter. 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 in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Take-Two Interactive Software by 1.8% in the second quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock worth $528,000 after buying an additional 129 shares in the last quarter. 97.30% of the stock is owned by institutional investors.

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.