Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe. “

TTWO has been the subject of a number of other reports. Piper Jaffray Companies boosted their price objective on Take-Two Interactive Software from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price objective (up from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, April 24th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $75.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, April 20th. Finally, Pacific Crest reissued an “overweight” rating and set a $74.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.18.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 77.31 on Thursday. Take-Two Interactive Software has a 12-month low of $38.74 and a 12-month high of $80.54. The stock has a 50 day moving average of $73.71 and a 200-day moving average of $60.86. The company has a market capitalization of $7.60 billion, a PE ratio of 108.13 and a beta of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. The business had revenue of $407.20 million during the quarter, compared to the consensus estimate of $354.10 million. During the same period in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts predict that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.

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In other news, CEO Strauss Zelnick sold 35,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $78.53, for a total value of $2,748,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 516 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $39,566.88. Following the completion of the sale, the director now directly owns 67,733 shares of the company’s stock, valued at $5,193,766.44. The disclosure for this sale can be found here. Insiders sold 59,840 shares of company stock valued at $4,644,614 over the last three months. Corporate insiders own 2.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased 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 during the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the first quarter valued at $114,000. Salem Investment Counselors Inc. increased its stake in Take-Two Interactive Software by 5,168.8% in the first quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the company’s stock valued at $162,000 after buying an additional 4,807 shares during the last quarter. Neuburgh Advisers LLC increased its stake in 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 last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in Take-Two Interactive Software during the first quarter valued at $206,000. 99.74% of the stock is owned by institutional investors and hedge funds.

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.

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

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