Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reiterated by research analysts at Oppenheimer Holdings, Inc. in a research note issued on Monday. They presently have a $112.00 price target on the stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 8.91% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Benchmark Co. restated a “buy” rating and set a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Piper Jaffray Companies restated an “overweight” rating and set a $100.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. BidaskClub cut Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. KeyCorp set a $104.00 target price on Take-Two Interactive Software and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company restated an “outperform” rating and set a $83.00 target price (up from $79.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen 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 $90.50.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 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 firm had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. During the same period last year, the firm earned ($0.21) EPS. The company’s quarterly revenue was up 27.8% on a year-over-year basis.

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In other news, Director Michael Dornemann sold 7,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, August 4th. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 465 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction 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 sold a total of 87,465 shares of company stock worth $7,677,331 over the last three months. Corporate insiders own 1.55% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Take-Two Interactive Software by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock valued at $615,847,000 after buying an additional 115,430 shares during the period. FMR LLC raised its position 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 buying an additional 2,273,553 shares during the period. JPMorgan Chase & Co. raised its position in shares of Take-Two Interactive Software by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock valued at $305,169,000 after buying an additional 78,006 shares during the period. State Street Corp raised its position 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 buying an additional 1,193,381 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 buying an additional 1,781,500 shares during the period. 96.68% of the stock is currently owned by hedge funds and other institutional investors.

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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