Take Two Interactive Software Inc (NASDAQ:TTWO) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Take Two Interactive Software in a research note issued on Tuesday. Jefferies Group analyst T. O’shea expects that the company will earn $0.07 per share for the quarter. Jefferies Group has a “Buy” rating and a $65.00 price target on the stock. Jefferies Group also issued estimates for Take Two Interactive Software’s Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at $1.16 EPS and FY2019 earnings at $3.45 EPS.

TTWO has been the topic of several other reports. Credit Suisse Group AG reiterated a “hold” rating and set a $71.00 price target on shares of Take Two Interactive Software in a report on Thursday. Zacks Investment Research upgraded shares of Take Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $68.00 target price on the stock in a research note on Thursday, April 6th. Cowen and Company restated an “outperform” rating and issued a $79.00 target price (up from $60.00) on shares of Take Two Interactive Software in a research note on Thursday. Benchmark Co. restated a “buy” rating and issued a $85.00 target price (up from $77.00) on shares of Take Two Interactive Software in a research note on Wednesday. Finally, Stifel Nicolaus upped their target price on shares of Take Two Interactive Software from $59.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $71.06.

Earnings History and Estimates for Take Two Interactive Software (NASDAQ:TTWO)

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Shares of Take Two Interactive Software (NASDAQ:TTWO) opened at 78.53 on Friday. The stock’s 50 day moving average is $64.64 and its 200-day moving average is $56.19. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 470.24 and a beta of 0.86. Take Two Interactive Software has a 12-month low of $35.00 and a 12-month high of $79.58. Take Two Interactive Software also saw some unusual options trading activity on Tuesday. Stock investors bought 3,672 call options on the stock. This represents an increase of 1,592% compared to the typical daily volume of 217 call options.

Take Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. The company had revenue of $407.20 million during the quarter, compared to analyst estimates of $354.10 million. Take Two Interactive Software had a net margin of 0.91% and a return on equity of 21.74%. Take Two Interactive Software’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share.

In other Take Two Interactive Software news, President Karl Slatoff sold 387,237 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Take Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock worth $319,116,000 after buying an additional 2,273,553 shares during the last quarter. State Street Corp raised its stake in Take Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock worth $184,699,000 after buying an additional 1,193,381 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in Take Two Interactive Software during the third quarter worth $53,670,000. Alyeska Investment Group L.P. raised its stake in Take Two Interactive Software by 103.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,047,146 shares of the company’s stock worth $100,904,000 after buying an additional 1,042,700 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new stake in Take Two Interactive Software during the third quarter worth $44,629,000.

About Take Two Interactive Software

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

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