Take Two Interactive Software Inc (NASDAQ:TTWO) had its price objective upped by research analysts at Bank of America Corp from $67.00 to $85.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Bank of America Corp’s target price would indicate a potential upside of 10.29% from the company’s current price.

A number of other analysts have also commented on TTWO. MKM Partners reaffirmed a “buy” rating and set a $62.00 target price (up previously from $55.00) on shares of Take Two Interactive Software in a report on Monday, February 6th. Mizuho lifted their target price on shares of Take Two Interactive Software from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Stifel Nicolaus lifted 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 report on Thursday, February 9th. Benchmark Co. reaffirmed a “buy” rating and set a $64.13 target price (up previously from $60.37) on shares of Take Two Interactive Software in a report on Wednesday, February 8th. Finally, Jefferies Group LLC lifted their target price on shares of Take Two Interactive Software to $65.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Take Two Interactive Software has an average 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 down 1.86% during trading on Thursday, reaching $77.07. The company’s stock had a trading volume of 2,311,891 shares. The company has a market capitalization of $7.58 billion, a P/E ratio of 107.79 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. The company’s 50-day moving average is $65.19 and its 200-day moving average is $56.39.

Take Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. Take Two Interactive Software had a net margin of 0.91% and a return on equity of 21.74%. The firm had revenue of $407.20 million during the quarter, compared to analysts’ expectations of $354.10 million. During the same quarter in the previous year, the company posted $0.46 EPS. Take Two Interactive Software’s revenue was up 18.9% on a year-over-year basis. On average, analysts forecast that Take Two Interactive Software will post $2.43 EPS for the current fiscal year.

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In other news, President Karl Slatoff sold 387,237 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $57.98, for a total value of $22,452,001.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in TTWO. Sapphire Star Partners LP raised its position in shares of Take Two Interactive Software by 83.1% in the fourth quarter. Sapphire Star Partners LP now owns 13,120 shares of the company’s stock valued at $647,000 after buying an additional 5,954 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Take Two Interactive Software by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 57,403 shares of the company’s stock valued at $2,829,000 after buying an additional 180 shares during the period. Artemis Investment Management LLP raised its position in shares of Take Two Interactive Software by 21.0% in the fourth quarter. Artemis Investment Management LLP now owns 1,047,066 shares of the company’s stock valued at $51,610,000 after buying an additional 181,828 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Take Two Interactive Software during the fourth quarter valued at about $7,236,000. Finally, J.P. Marvel Investment Advisors LLC raised its position in shares of Take Two Interactive Software by 8.5% in the third quarter. J.P. Marvel Investment Advisors LLC now owns 21,695 shares of the company’s stock valued at $978,000 after buying an additional 1,695 shares during the period.

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

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