Take Two Interactive Software Inc (NASDAQ:TTWO)‘s stock had its “outperform” rating reaffirmed by research analysts at Cowen and Company in a note issued to investors on Thursday. They presently have a $79.00 price target on the stock, up from their prior price target of $60.00. Cowen and Company’s price target suggests a potential upside of 0.60% from the company’s previous close.

TTWO has been the topic of several other reports. MKM Partners restated a “buy” rating and issued a $62.00 price objective (up from $55.00) on shares of Take Two Interactive Software in a report on Monday, February 6th. TheStreet lowered shares of Take Two Interactive Software from a “b+” rating to a “c+” rating in a report on Thursday, February 9th. Robert W. Baird raised their price objective on shares of Take Two Interactive Software from $43.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $58.00 price objective (up from $54.00) on shares of Take Two Interactive Software in a report on Thursday, February 9th. Finally, Piper Jaffray Companies raised their price objective on shares of Take Two Interactive Software from $54.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Take Two Interactive Software has a consensus rating of “Buy” and a consensus price target of $71.06.

Analyst Recommendations for Take Two Interactive Software (NASDAQ:TTWO)

Shares of Take Two Interactive Software (NASDAQ:TTWO) traded up 1.03% on Thursday, reaching $78.53. The company’s stock had a trading volume of 3,278,706 shares. Take Two Interactive Software has a 12 month low of $35.00 and a 12 month high of $79.58. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 470.24 and a beta of 0.86. The stock has a 50 day moving average of $63.48 and a 200-day moving average of $55.87. Take Two Interactive Software also saw unusually large options trading on Monday. Traders purchased 7,671 put options on the stock. This is an increase of 1,624% compared to the average volume of 445 put options.

Take Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $354.10 million. Take Two Interactive Software had a return on equity of 21.74% and a net margin of 0.91%. Take Two Interactive Software’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. On average, analysts anticipate that Take Two Interactive Software will post $1.98 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Cowen and Company Reaffirms “Outperform” Rating for Take Two Interactive Software Inc (TTWO)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/05/25/cowen-and-company-reaffirms-outperform-rating-for-take-two-interactive-software-inc-ttwo.html.

In other news, President Karl Slatoff sold 387,237 shares of the stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $57.98, for a total transaction of $22,452,001.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Take Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Take Two Interactive Software during the first quarter valued at about $114,000. Neuburgh Advisers LLC raised its stake in shares of Take Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock valued at $176,000 after buying an additional 560 shares during the period. Alambic Investment Management L.P. bought a new stake in shares of Take Two Interactive Software during the first quarter valued at about $206,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Take Two Interactive Software during the first quarter valued at about $233,000.

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.

12 Month 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.