Take-Two Interactive Software Inc (TTWO) Receives Consensus Rating of “Buy” from Analysts

Take-Two Interactive Software Inc (NASDAQ:TTWO) has received an average rating of “Buy” from the twenty-seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $114.71.

Several research analysts have weighed in on TTWO shares. Barclays started coverage on shares of Take-Two Interactive Software in a report on Wednesday, October 4th. They issued an “overweight” rating and a $115.00 price target on the stock. Cowen cut 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 report on Monday, October 9th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Take-Two Interactive Software in a report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a report on Friday, October 13th. Finally, KeyCorp reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, October 17th.

Take-Two Interactive Software (NASDAQ:TTWO) traded up $2.17 during trading on Friday, reaching $119.37. 1,208,191 shares of the company’s stock traded hands, compared to its average volume of 1,610,000. The company has a market cap of $13,870.00, a PE ratio of 109.51, a P/E/G ratio of 3.40 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33. Take-Two Interactive Software has a 52-week low of $52.88 and a 52-week high of $120.62.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.22. The firm had revenue of $576.99 million for the quarter, compared to analysts’ expectations of $516.89 million. Take-Two Interactive Software had a net margin of 6.58% and a return on equity of 27.10%. equities analysts forecast that Take-Two Interactive Software will post 2.24 EPS for the current year.

In other news, CEO Strauss Zelnick sold 31,004 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the transaction, the chief financial officer now directly owns 351,019 shares in the company, valued at $40,556,735.26. The disclosure for this sale can be found here. Insiders have sold 66,504 shares of company stock worth $7,729,606 over the last ninety days. Insiders own 1.55% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI increased its stake in Take-Two Interactive Software by 48.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 42,678 shares of the company’s stock valued at $4,685,000 after acquiring an additional 13,908 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Take-Two Interactive Software by 57.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 72,993 shares of the company’s stock valued at $8,014,000 after acquiring an additional 26,731 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $752,000. SG Americas Securities LLC increased its stake in Take-Two Interactive Software by 22.4% in the fourth quarter. SG Americas Securities LLC now owns 16,339 shares of the company’s stock valued at $1,794,000 after acquiring an additional 2,989 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $205,000. 91.26% of the stock is currently owned by institutional investors and hedge funds.

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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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