Take-Two Interactive Software, Inc. (TTWO) Price Target Raised to $122.00 at Stifel Nicolaus
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its target price upped by equities research analysts at Stifel Nicolaus from $105.00 to $122.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 10.26% from the stock’s current price.
A number of other equities research analysts also recently weighed in on TTWO. Benchmark Co. restated a “buy” rating and issued a $100.00 price target (up from $85.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Cowen and Company downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target on the stock. in a research note on Monday, October 9th. KeyCorp restated a “buy” rating and issued a $104.00 price target on shares of Take-Two Interactive Software in a research note on Friday, September 8th. BMO Capital Markets restated a “buy” rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $96.30.
Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at 110.65 on Wednesday. Take-Two Interactive Software has a 12 month low of $43.33 and a 12 month high of $110.86. The stock’s 50 day moving average is $103.16 and its 200 day moving average is $84.44. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 65.32 and a beta of 0.78.
Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same period last year, the firm earned ($0.21) EPS. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities research analysts forecast that Take-Two Interactive Software will post $2.21 earnings per share for the current fiscal year.
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In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the firm’s 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 completion of the transaction, the director now owns 69,006 shares in the company, valued at approximately $6,207,779.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was 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 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. In the last 90 days, insiders have sold 87,465 shares of company stock valued at $7,677,331. Company insiders own 1.55% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TTWO. Fifth Third Bancorp raised its holdings in 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 purchasing an additional 101 shares during the last quarter. Dupont Capital Management Corp bought a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $102,000. Seven Bridges Advisors LLC raised its holdings in Take-Two Interactive Software by 2.7% during the 2nd quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock worth $110,000 after purchasing an additional 75 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Take-Two Interactive Software during the 1st quarter worth approximately $114,000. Finally, LS Investment Advisors LLC raised its holdings in Take-Two Interactive Software by 3.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock worth $116,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 98.46% 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.
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