Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies in a research note issued to investors on Sunday. They presently have a $100.00 price objective on the stock. Piper Jaffray Companies’ price objective points to a potential upside of 0.38% from the company’s current price.

Several other equities analysts have also recently weighed in on TTWO. Jefferies Group LLC reissued a “buy” rating and set a $108.00 price target (up from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. MKM Partners restated a “buy” rating and issued a $97.00 price objective (up from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Benchmark Co. restated a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and issued a $96.00 price objective (up from $87.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. Finally, KeyCorp set a $104.00 price objective on Take-Two Interactive Software and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Take-Two Interactive Software has a consensus rating of “Buy” and a consensus price target of $87.42.

Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at 99.62 on Friday. The company’s 50 day moving average price is $90.00 and its 200 day moving average price is $72.43. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 58.81 and a beta of 0.77. Take-Two Interactive Software has a 12 month low of $41.70 and a 12 month high of $100.59.

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

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In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the transaction, the director now owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.68, for a total transaction of $2,630,400.00. Following the transaction, the chief financial officer now directly owns 409,019 shares of the company’s stock, valued at approximately $35,862,785.92. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 in the last quarter. 1.55% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. FMR LLC boosted its holdings in shares of Take-Two Interactive Software by 73.1% during the 1st quarter. FMR LLC now owns 5,384,102 shares of the company’s stock valued at $319,116,000 after purchasing an additional 2,273,553 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Take-Two Interactive Software by 1,045.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after purchasing an additional 1,781,500 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 7,304.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after purchasing an additional 1,615,360 shares during the last quarter. Jackson Square Partners LLC bought a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $107,799,000. Finally, State Street Corp boosted its holdings in shares of Take-Two Interactive Software by 62.1% during the 1st quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after purchasing an additional 1,193,381 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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)

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