Take-Two Interactive Software (NASDAQ:TTWO) PT Raised to $185.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target raised by Morgan Stanley from $175.00 to $185.00 in a report released on Tuesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on TTWO. Benchmark reaffirmed a buy rating and issued a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Wedbush reaffirmed an outperform rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Stifel Nicolaus reaffirmed a buy rating and issued a $175.00 price target on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Roth Mkm lowered their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating on the stock in a research note on Friday, May 17th. Finally, Jefferies Financial Group lifted their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a buy rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $178.96.

Take-Two Interactive Software Stock Up 0.3 %

Shares of TTWO opened at $150.75 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software has a 12 month low of $130.34 and a 12 month high of $171.59. The stock’s 50 day moving average is $155.62 and its two-hundred day moving average is $153.08. The firm has a market cap of $25.83 billion, a P/E ratio of -6.86, a PEG ratio of 4.89 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts predict that Take-Two Interactive Software will post 0.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now owns 64,173 shares in the company, valued at approximately $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now owns 64,173 shares in the company, valued at approximately $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares in the company, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of the company. CX Institutional acquired a new position in Take-Two Interactive Software during the 4th quarter worth $179,000. HB Wealth Management LLC grew its stake in Take-Two Interactive Software by 23.3% during the 4th quarter. HB Wealth Management LLC now owns 2,233 shares of the company’s stock worth $359,000 after purchasing an additional 422 shares in the last quarter. CVA Family Office LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth $25,000. Pacer Advisors Inc. grew its stake in Take-Two Interactive Software by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,174 shares of the company’s stock worth $2,120,000 after purchasing an additional 3,087 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Take-Two Interactive Software by 349.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 115,699 shares of the company’s stock worth $18,622,000 after purchasing an additional 89,931 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.