Take-Two Interactive Software Inc. (TTWO) Given Consensus Rating of “Buy” by Analysts
Take-Two Interactive Software Inc. (NASDAQ:TTWO) has been given a consensus rating of “Buy” by the nineteen analysts that are currently covering the firm. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $44.84.
A number of research firms recently commented on TTWO. Benchmark Co. lifted their price target on shares of Take-Two Interactive Software from $45.92 to $51.79 and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Macquarie reaffirmed an “outperform” rating and set a $48.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday. Zacks Investment Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Oppenheimer Holdings Inc. began coverage on shares of Take-Two Interactive Software in a research note on Friday, October 14th. They set an “outperform” rating and a $54.00 price target for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $48.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 15th.
In related news, CEO Strauss Zelnick sold 9,134 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $41.01, for a total transaction of $374,585.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC raised 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 during the period. Prudential Financial Inc. raised its position in shares of Take-Two Interactive Software by 63.2% in the first quarter. Prudential Financial Inc. now owns 321,112 shares of the company’s stock worth $12,096,000 after buying an additional 124,300 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in shares of 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 worth $1,075,000 after buying an additional 26,898 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of 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 worth $4,189,000 after buying an additional 100,700 shares during the last quarter. Finally, Miles Capital Inc. bought a new position in shares of Take-Two Interactive Software during the first quarter worth about $270,000.
Take-Two Interactive Software (NASDAQ:TTWO) traded down 1.77% during midday trading on Wednesday, reaching $44.29. 614,593 shares of the company’s stock traded hands. The stock has a market cap of $3.75 billion, a P/E ratio of 184.54 and a beta of 1.12. The company’s 50-day moving average price is $44.50 and its 200-day moving average price is $39.91. Take-Two Interactive Software has a 52-week low of $31.36 and a 52-week high of $46.78.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. Take-Two Interactive Software had a net margin of 1.39% and a return on equity of 20.92%. The firm had revenue of $311.60 million for the quarter, compared to the consensus estimate of $258.46 million. During the same period in the previous year, the firm posted $0.31 EPS. The business’s quarterly revenue was down 25.6% on a year-over-year basis. On average, equities analysts predict that Take-Two Interactive Software will post $1.22 EPS for the current fiscal year.
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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