Take-Two Interactive Software Inc. (NASDAQ:TTWO)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $45.83 and last traded at $45.67, with a volume of 926,600 shares. The stock had previously closed at $45.24.

Several equities analysts have recently weighed in on the stock. Jefferies Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 15th. TheStreet cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price objective (up previously from $37.00) on shares of Take-Two Interactive Software in a research note on Saturday, August 6th. Stifel Nicolaus increased their price objective on shares of Take-Two Interactive Software from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Finally, Wedbush reiterated a “hold” rating and issued a $41.50 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.99.

The firm has a market capitalization of $3.92 billion, a PE ratio of 193.08 and a beta of 1.09. The firm’s 50-day moving average price is $42.80 and its 200-day moving average price is $38.67.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/take-two-interactive-software-inc-ttwo-sets-new-52-week-high-at-45-83.html

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.08. Take-Two Interactive Software had a return on equity of 20.92% and a net margin of 1.39%. The firm earned $311.60 million during the quarter, compared to the consensus estimate of $258.46 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue was down 25.6% compared to the same quarter last year. On average, equities research analysts predict that Take-Two Interactive Software Inc. will post $1.25 EPS for the current year.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 9,134 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $41.01, for a total value of $374,585.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TTWO. Seven Bridges Advisors LLC increased its position in shares of Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock worth $110,000 after buying an additional 75 shares during the last quarter. Miles Capital Inc. increased its position in shares of Take-Two Interactive Software by 1.4% in the second quarter. Miles Capital Inc. now owns 7,262 shares of the company’s stock worth $275,000 after buying an additional 102 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock worth $116,000 after buying an additional 104 shares during the last quarter. Navellier & Associates Inc increased its position in shares of Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock worth $256,000 after buying an additional 334 shares during the last quarter. Finally, PineBridge Investments L.P. increased its position in shares of Take-Two Interactive Software by 3.8% in the second quarter. PineBridge Investments L.P. now owns 10,758 shares of the company’s stock worth $408,000 after buying an additional 396 shares during the last quarter.

Take-Two Interactive Software Company Profile

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.

5 Day Chart for NASDAQ:TTWO

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.