Take-Two Interactive Software (NASDAQ:TTWO) Price Target Cut to $195.00 by Analysts at JPMorgan Chase & Co.

Take-Two Interactive Software (NASDAQ:TTWO) had its target price decreased by research analysts at JPMorgan Chase & Co. from $200.00 to $195.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.20% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research report on Monday, August 12th. Morgan Stanley lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Finally, Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $185.60.

Take-Two Interactive Software Trading Up 0.9 %

Shares of TTWO stock traded up $1.40 on Tuesday, reaching $158.28. 557,309 shares of the stock were exchanged, compared to its average volume of 1,598,352. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27.74 billion, a P/E ratio of -7.09, a price-to-earnings-growth ratio of 4.52 and a beta of 0.86. The firm has a 50 day moving average of $154.07 and a two-hundred day moving average of $152.06. Take-Two Interactive Software has a 1-year low of $130.34 and a 1-year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts anticipate that Take-Two Interactive Software will post 1.06 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after purchasing an additional 156,563 shares during the period. Capital World Investors lifted its holdings in Take-Two Interactive Software by 2.1% in the 1st quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after acquiring an additional 151,135 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Take-Two Interactive Software by 4.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock valued at $737,684,000 after acquiring an additional 192,774 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Take-Two Interactive Software by 1.8% in the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock worth $400,379,000 after purchasing an additional 48,909 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.