Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been assigned a consensus rating of “Buy” from the twenty-one research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $85.59.

Several equities research analysts have issued reports on the company. MKM Partners restated a “buy” rating and set a $97.00 target price (up previously from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Credit Suisse Group restated a “neutral” rating and set a $73.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Macquarie restated an “outperform” rating and set a $99.00 target price (up previously from $82.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Benchmark Co. restated a “buy” rating and set a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “buy” rating and set a $96.00 target price (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/30/take-two-interactive-software-inc-ttwo-given-average-rating-of-buy-by-analysts.html.

In related news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total value of $4,390,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Sheresky sold 465 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. In the last three months, insiders sold 105,905 shares of company stock worth $9,082,644. 1.55% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $289,000. State Treasurer State of Michigan purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $2,442,000. Thompson Investment Management Inc. purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $233,000. Canada Pension Plan Investment Board purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $14,023,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in Take-Two Interactive Software during the first quarter worth approximately $2,136,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software (NASDAQ TTWO) traded up 1.94% during mid-day trading on Wednesday, hitting $97.65. The stock had a trading volume of 1,377,990 shares. The stock’s 50 day moving average price is $84.44 and its 200 day moving average price is $69.87. Take-Two Interactive Software has a one year low of $41.70 and a one year high of $98.35. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 57.64 and a beta of 0.83.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.21) earnings per share. Analysts forecast that Take-Two Interactive Software will post $2.16 EPS for the current 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.

Analyst Recommendations for Take-Two Interactive Software (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.