Take-Two Interactive Software (TTWO) Raised to “B” at TheStreet

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Wednesday.

TTWO has been the subject of a number of other reports. Morgan Stanley assumed coverage on Take-Two Interactive Software in a report on Thursday, February 1st. They set an “overweight” rating and a $150.00 price target for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $116.00 price target (up from $95.00) on shares of Take-Two Interactive Software in a report on Wednesday, November 8th. Buckingham Research lifted their price target on Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Bank of America lifted their price target on Take-Two Interactive Software from $106.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Monday, November 27th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.48.

Take-Two Interactive Software (NASDAQ:TTWO) traded up $1.63 during trading hours on Wednesday, reaching $105.14. The company had a trading volume of 599,471 shares, compared to its average volume of 2,146,198. The stock has a market capitalization of $13,365.88, a price-to-earnings ratio of 66.54, a PEG ratio of 3.40 and a beta of 0.85. Take-Two Interactive Software has a 52-week low of $56.13 and a 52-week high of $129.25. 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 (NASDAQ:TTWO) last released its earnings results on Tuesday, November 7th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.22. The firm had revenue of $576.99 million during the quarter, compared to analyst estimates of $516.89 million. Take-Two Interactive Software had a return on equity of 29.00% and a net margin of 9.43%. equities analysts anticipate that Take-Two Interactive Software will post 2.24 earnings per share for the current fiscal year.

In other news, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the completion of the sale, the director now directly owns 4,777 shares of the company’s stock, valued at approximately $566,074.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.55% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Dupont Capital Management Corp purchased a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at about $102,000. Invictus RG lifted its holdings in shares of Take-Two Interactive Software by 1,188.8% in the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after purchasing an additional 951 shares during the last quarter. JFS Wealth Advisors LLC acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $110,000. Cerebellum GP LLC acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $133,000. Finally, Huntington National Bank increased its position in Take-Two Interactive Software by 75.0% in the 4th quarter. Huntington National Bank now owns 1,419 shares of the company’s stock valued at $156,000 after acquiring an additional 608 shares during the period. 90.97% of the stock is owned by institutional investors and hedge funds.

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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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