KeyCorp set a $104.00 price target on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report report published on Thursday, August 3rd. The brokerage currently has a buy rating on the stock.
Several other equities research 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 price target on the stock in a report on Thursday, April 6th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $75.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, April 20th. Benchmark Co. restated a buy rating on shares of Take-Two Interactive Software in a research report on Monday, April 24th. Pacific Crest restated an overweight rating and set a $74.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, April 26th. Finally, Stifel Nicolaus restated a buy rating and set a $74.00 price target (up previously from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $85.22.
Take-Two Interactive Software (NASDAQ TTWO) opened at 90.94 on Thursday. Take-Two Interactive Software has a one year low of $40.63 and a one year high of $92.49. The company has a 50-day moving average price of $81.17 and a 200-day moving average price of $68.17. The company has a market capitalization of $9.50 billion, a PE ratio of 53.68 and a beta of 0.83.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS 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 company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same period in the prior year, the company earned ($0.21) earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. Analysts expect that Take-Two Interactive Software will post $2.16 earnings per share for the current fiscal year.
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In related news, VP Daniel P. Emerson sold 5,884 shares of Take-Two Interactive Software stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total transaction of $451,185.12. Following the sale, the vice president now directly owns 117,019 shares in the company, valued at approximately $8,973,016.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel P. Emerson sold 18,440 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $76.21, for a total transaction of $1,405,312.40. Following the transaction, the vice president now directly owns 135,088 shares in the company, valued at $10,295,056.48. The disclosure for this sale can be found here. Insiders have sold a total of 147,305 shares of company stock worth $12,321,946 over the last quarter. 1.55% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. William Blair Investment Management LLC increased its position in shares of Take-Two Interactive Software by 7.8% in the first quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock valued at $105,780,000 after buying an additional 129,572 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after buying an additional 957 shares during the last quarter. UBS Group AG increased its stake in shares of Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock valued at $5,201,000 after buying an additional 17,809 shares during the last quarter. Advantus Capital Management Inc purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at $770,000. Finally, Clinton Group Inc. increased its stake in shares of Take-Two Interactive Software by 865.7% in the first quarter. Clinton Group Inc. now owns 98,198 shares of the company’s stock valued at $5,820,000 after buying an additional 88,029 shares during the last quarter. 95.60% of the stock is currently 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.
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