Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark Co. in a report issued on Saturday. They currently have a $110.00 price objective on the stock, up from their prior price objective of $100.00. Benchmark Co.’s price target would suggest a potential upside of 9.57% from the stock’s current price.

Several other equities analysts have also issued reports on TTWO. Jefferies Group LLC reissued a “buy” rating and set a $108.00 target price (up previously from $91.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. MKM Partners reissued 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 note on Wednesday, August 9th. Stifel Nicolaus reissued 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 note on Wednesday, August 9th. Piper Jaffray Companies reissued a “buy” rating and set a $100.00 target price on shares of Take-Two Interactive Software in a research note on Sunday, September 10th. Finally, KeyCorp set a $104.00 target price 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 given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $87.95.

Shares of Take-Two Interactive Software (TTWO) opened at 100.39 on Friday. The company has a 50 day moving average price of $92.79 and a 200 day moving average price of $73.92. The company has a market capitalization of $10.49 billion, a P/E ratio of 59.26 and a beta of 0.77. Take-Two Interactive Software has a 12-month low of $41.70 and a 12-month high of $101.40.

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, topping analysts’ consensus estimates of $0.19 by $0.25. The business had revenue of $348.30 million during 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 business posted ($0.21) EPS. Equities analysts anticipate that Take-Two Interactive Software will post $2.19 EPS for the current year.

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In other news, Director Michael Dornemann sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.80, for a total transaction of $614,600.00. Following the sale, the director now owns 9,394 shares of the company’s stock, valued at approximately $824,793.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, 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. Insiders have sold a total of 87,465 shares of company stock worth $7,677,331 in the last three months. Corporate insiders own 1.55% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Take-Two Interactive Software by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock worth $715,000 after acquiring an additional 39 shares in the last quarter. Cigna Investments Inc. New raised its position in shares of Take-Two Interactive Software by 1.3% during the 2nd quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock worth $291,000 after acquiring an additional 52 shares in the last quarter. J.P. Marvel Investment Advisors LLC raised its position in shares of Take-Two Interactive Software by 0.3% during the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock worth $1,553,000 after acquiring an additional 63 shares in the last quarter. Fifth Third Bancorp raised its position 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 worth $100,000 after acquiring an additional 101 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Take-Two Interactive Software by 1.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock worth $528,000 after acquiring an additional 129 shares in the last quarter. 96.20% of the stock is currently 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.

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

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