Equities research analysts at Goldman Sachs Group, Inc. (The) initiated coverage on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a report released on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $118.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 18.45% from the company’s current price.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 price target (up previously from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $77.00) on shares of Take-Two Interactive Software in a research report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. MKM Partners reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $63.00) on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Finally, Bank of America Corporation lifted their price target on Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $87.42.

Take-Two Interactive Software (NASDAQ TTWO) traded up 0.12% during mid-day trading on Friday, hitting $99.62. 1,256,461 shares of the stock traded hands. The firm’s 50-day moving average is $89.38 and its 200 day moving average is $72.24. Take-Two Interactive Software has a 52-week low of $41.70 and a 52-week high of $100.32. The firm has a market cap of $10.41 billion, a P/E ratio of 58.81 and a beta of 0.77.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly 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 during the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) EPS. Equities analysts predict that Take-Two Interactive Software will post $2.16 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Take-Two Interactive Software, Inc. (TTWO) Now Covered by Analysts at Goldman Sachs Group, Inc. (The)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/08/take-two-interactive-software-inc-ttwo-now-covered-by-analysts-at-goldman-sachs-group-inc-the.html.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the sale, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,465 shares of company stock valued at $7,677,331. Corporate insiders own 1.55% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in shares of Take-Two Interactive Software by 6.4% during the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $114,000. Smithfield Trust Co. bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at about $125,000. Crow Point Partners LLC lifted its position in shares of Take-Two Interactive Software by 63.4% during the 2nd quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $134,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

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.