Take-Two Interactive Software, Inc. (TTWO) Stock Rating Reaffirmed by KeyCorp

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reiterated by equities researchers at KeyCorp in a research note issued on Tuesday.

Several other research firms have also issued reports on TTWO. Cowen and Company lowered shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 target price for the company. in a report on Monday, October 9th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 target price on shares of Take-Two Interactive Software in a report on Thursday, October 12th. BMO Capital Markets restated a “buy” rating and issued a $100.00 target price on shares of Take-Two Interactive Software in a report on Friday, October 13th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $112.00 target price (up previously from $93.00) on shares of Take-Two Interactive Software in a report on Monday, September 25th. Finally, Buckingham Research assumed coverage on shares of Take-Two Interactive Software in a report on Wednesday, September 20th. They issued a “buy” rating and a $120.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average target price of $94.20.

Take-Two Interactive Software (NASDAQ:TTWO) opened at 104.61 on Tuesday. Take-Two Interactive Software has a 52-week low of $42.65 and a 52-week high of $107.53. The stock has a market cap of $10.93 billion, a PE ratio of 61.75 and a beta of 0.78. The firm has a 50 day moving average of $101.11 and a 200-day moving average of $81.31.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during 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 business’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) EPS. Equities analysts anticipate that Take-Two Interactive Software will post $2.21 earnings per share for the current fiscal year.

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In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction dated 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 a total of 87,465 shares of company stock worth $7,677,331 in the last three months. Insiders own 1.55% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP increased its position in Take-Two Interactive Software by 1,063.4% during the 2nd quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock valued at $5,565,000 after purchasing an additional 69,322 shares during the period. BNP Paribas Arbitrage SA increased its position in Take-Two Interactive Software by 70.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after purchasing an additional 16,224 shares during the period. Utah Retirement Systems purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at about $1,332,000. Eqis Capital Management Inc. increased its position in Take-Two Interactive Software by 19.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after purchasing an additional 957 shares during the period. Finally, UBS Group AG increased its position in Take-Two Interactive Software by 25.5% during the 1st quarter. UBS Group AG now owns 87,761 shares of the company’s stock valued at $5,201,000 after purchasing an additional 17,809 shares during the period. 96.70% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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