BMO Capital Markets Increases Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $190.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target boosted by BMO Capital Markets from $185.00 to $190.00 in a research note released on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on TTWO. UBS Group raised their price target on Take-Two Interactive Software from $156.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Jefferies Financial Group upped their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Roth Mkm boosted their price objective on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Bank of America reiterated a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Stock Down 0.7 %

Shares of TTWO stock traded down $1.27 during trading hours on Thursday, reaching $177.90. 2,202,982 shares of the stock were exchanged, compared to its average volume of 1,617,011. The business’s fifty day moving average is $156.43 and its two-hundred day moving average is $153.44. The firm has a market capitalization of $31.18 billion, a P/E ratio of -8.35, a P/E/G ratio of 5.09 and a beta of 0.85. Take-Two Interactive Software has a 12-month low of $135.24 and a 12-month high of $180.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 66.38% and a positive return on equity of 0.49%. As a group, research analysts expect that Take-Two Interactive Software will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares in the company, valued at $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 is available through this link. 1.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTWO. Vanguard Group Inc. increased its holdings in shares of Take-Two Interactive Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock valued at $2,809,561,000 after purchasing an additional 156,563 shares in the last quarter. Capital World Investors increased its holdings in Take-Two Interactive Software by 2.1% in the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock valued at $1,075,142,000 after buying an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Take-Two Interactive Software by 4.2% during 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 period. Ameriprise Financial Inc. boosted its stake in shares of Take-Two Interactive Software by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after acquiring an additional 666,198 shares in the last quarter. Finally, Boston Partners grew its holdings 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 acquiring an additional 48,909 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.