Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price target lifted by equities research analysts at BMO Capital Markets from $100.00 to $125.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 19.49% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. KeyCorp set a $104.00 price target on Take-Two Interactive Software and gave the stock a “buy” rating in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Benchmark Co. reissued a “buy” rating and issued a $100.00 price target (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $108.00 price target (up previously from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, Cowen and Company reissued a “buy” rating and issued a $79.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $94.20.

Take-Two Interactive Software (TTWO) traded up 0.68% during trading on Wednesday, reaching $104.61. 891,922 shares of the company’s stock traded hands. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 61.75 and a beta of 0.78. Take-Two Interactive Software has a one year low of $42.65 and a one year high of $107.53. The company has a 50 day moving average of $100.51 and a 200 day moving average of $80.48.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.25. The business had revenue of $348.30 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. Equities research analysts predict that Take-Two Interactive Software will post $2.21 EPS for the current year.

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

Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP lifted its holdings in Take-Two Interactive Software by 1,063.4% in the second quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock valued at $5,565,000 after acquiring an additional 69,322 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Take-Two Interactive Software by 70.2% in the second quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after acquiring an additional 16,224 shares during the period. Utah Retirement Systems acquired a new position in Take-Two Interactive Software in the second quarter valued at approximately $1,332,000. Eqis Capital Management Inc. lifted its holdings in Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after acquiring an additional 957 shares during the period. Finally, UBS Group AG lifted its holdings in Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock valued at $5,201,000 after acquiring an additional 17,809 shares during the period. 96.70% of the stock is owned by 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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