Take-Two Interactive Software (TTWO) Upgraded at BidaskClub

BidaskClub upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

A number of other equities research analysts have also recently issued reports on the stock. Cowen cut shares of Take-Two Interactive Software from an outperform rating to a market perform rating and set a $83.00 price target on the stock. in a research note on Monday, October 9th. CIBC reissued an outperform rating and issued a $135.00 price target (up previously from $112.00) on shares of Take-Two Interactive Software in a research note on Tuesday, November 21st. Benchmark reissued a buy rating and issued a $110.00 price target (up previously from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. Oppenheimer lifted their price target on shares of Take-Two Interactive Software from $112.00 to $135.00 and gave the company an outperform rating in a research note on Tuesday, November 21st. Finally, MKM Partners lifted their price target on shares of Take-Two Interactive Software from $97.00 to $122.00 and gave the company a buy rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $114.23.

Shares of Take-Two Interactive Software (TTWO) opened at $117.30 on Friday. The company has a market cap of $13,380.00, a P/E ratio of 107.61, a PEG ratio of 3.40 and a beta of 0.80. Take-Two Interactive Software has a one year low of $50.51 and a one year high of $120.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.22. Take-Two Interactive Software had a net margin of 6.58% and a return on equity of 27.10%. research analysts forecast that Take-Two Interactive Software will post 2.24 earnings per share for the current fiscal year.

In other news, CEO Strauss Zelnick sold 31,004 shares of Take-Two Interactive Software stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $116.49, for a total transaction of $3,611,655.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Dornemann sold 5,500 shares of Take-Two Interactive Software stock in a transaction on Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the transaction, the director now owns 4,777 shares in the company, valued at approximately $566,074.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,504 shares of company stock worth $7,729,606. Insiders own 1.55% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Martingale Asset Management L P purchased a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $2,620,000. Riverhead Capital Management LLC raised its holdings in Take-Two Interactive Software by 65.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,759 shares of the company’s stock valued at $569,000 after buying an additional 3,059 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Take-Two Interactive Software by 32.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 893,842 shares of the company’s stock valued at $65,590,000 after buying an additional 220,354 shares during the period. Amalgamated Bank raised its holdings in Take-Two Interactive Software by 54.8% in the 2nd quarter. Amalgamated Bank now owns 19,838 shares of the company’s stock valued at $1,456,000 after buying an additional 7,022 shares during the period. Finally, BlueMountain Capital Management LLC raised its holdings in Take-Two Interactive Software by 60.9% in the 2nd quarter. BlueMountain Capital Management LLC now owns 32,439 shares of the company’s stock valued at $2,380,000 after buying an additional 12,278 shares during the period. Institutional investors and hedge funds own 91.15% of the company’s stock.

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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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