Macquarie Reaffirms “Outperform” Rating for Take-Two Interactive Software Inc. (TTWO)
Take-Two Interactive Software Inc. (NASDAQ:TTWO)‘s stock had its “outperform” rating reaffirmed by Macquarie in a research report issued on Tuesday. They currently have a $48.00 target price on the stock. Macquarie’s price objective indicates a potential upside of 7.02% from the company’s current price.
Other research analysts also recently issued research reports about the company. Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $41.00 to $46.00 and gave the company a “buy” rating in a report on Monday, August 8th. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, July 20th. Jefferies Group reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, July 18th. Benchmark Co. lifted their price target on Take-Two Interactive Software from $45.92 to $51.79 and gave the company a “buy” rating in a report on Wednesday, September 28th. Finally, TheStreet downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.56.
Take-Two Interactive Software (NASDAQ:TTWO) traded up 0.49% during midday trading on Tuesday, hitting $45.07. The stock had a trading volume of 2,503,211 shares. The company’s 50-day moving average price is $44.47 and its 200 day moving average price is $39.85. The stock has a market cap of $3.81 billion, a P/E ratio of 187.79 and a beta of 1.12. Take-Two Interactive Software has a 12-month low of $31.10 and a 12-month high of $46.78.
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Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $311.60 million for 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. Take-Two Interactive Software’s revenue for the quarter was down 25.6% compared to the same quarter last year. On average, equities research analysts predict that Take-Two Interactive Software will post $1.22 earnings per share for the current fiscal year.
In related news, CEO Strauss Zelnick sold 9,134 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $41.01, for a total transaction of $374,585.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its position in Take-Two Interactive Software by 23.3% in the first quarter. Aperio Group LLC now owns 16,999 shares of the company’s stock valued at $640,000 after buying an additional 3,210 shares in the last quarter. Prudential Financial Inc. boosted its position in Take-Two Interactive Software by 63.2% in the first quarter. Prudential Financial Inc. now owns 321,112 shares of the company’s stock valued at $12,096,000 after buying an additional 124,300 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position in Take-Two Interactive Software by 1,638.1% in the first quarter. BlackRock Japan Co. Ltd now owns 28,540 shares of the company’s stock valued at $1,075,000 after buying an additional 26,898 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Take-Two Interactive Software by 959.0% in the first quarter. Canada Pension Plan Investment Board now owns 111,200 shares of the company’s stock valued at $4,189,000 after buying an additional 100,700 shares in the last quarter. Finally, Miles Capital Inc. acquired a new position in Take-Two Interactive Software during the first quarter valued at $270,000.
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.
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