Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reiterated by research analysts at Cowen and Company in a research note issued to investors on Friday. They presently have a $83.00 price objective on the stock. Cowen and Company’s target price would suggest a potential downside of 16.68% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $79.00 price target for the company in a report on Saturday, May 20th. Credit Suisse Group reissued a “hold” rating and set a $71.00 price target on shares of Take-Two Interactive Software in a report on Thursday, May 25th. BMO Capital Markets lifted their price target on Take-Two Interactive Software from $64.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, May 25th. Piper Jaffray Companies lifted their price target on Take-Two Interactive Software from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, June 7th. 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 report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $87.42.

Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up 0.12% on Friday, reaching $99.62. The company’s stock had a trading volume of 1,256,461 shares. Take-Two Interactive Software has a 1-year low of $41.70 and a 1-year high of $100.59. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 58.81 and a beta of 0.77. The company’s 50 day moving average is $90.00 and its 200-day moving average is $72.43.

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

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In other news, CFO Lainie Goldstein sold 30,000 shares of Take-Two Interactive Software stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the transaction, the chief financial officer now owns 409,019 shares in the company, valued at approximately $35,862,785.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Dornemann sold 7,000 shares of Take-Two Interactive Software stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the transaction, the director now owns 9,394 shares in the company, valued at approximately $824,793.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,465 shares of company stock worth $7,677,331. Corporate insiders own 1.55% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. William Blair Investment Management LLC increased its stake in shares of Take-Two Interactive Software by 7.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock valued at $105,780,000 after purchasing an additional 129,572 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Take-Two Interactive Software by 70.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after purchasing an additional 16,224 shares during the last quarter. Engineers Gate Manager LP increased its stake in shares of Take-Two Interactive Software by 1,063.4% in the 2nd quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock valued at $5,565,000 after purchasing an additional 69,322 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Take-Two Interactive Software by 19.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after purchasing an additional 957 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Take-Two Interactive Software by 25.5% in the 1st quarter. UBS Group AG now owns 87,761 shares of the company’s stock valued at $5,201,000 after purchasing an additional 17,809 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

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.

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

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