Take-Two Interactive Software (NASDAQ:TTWO) Lowered to “Neutral” at MKM Partners


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Take-Two Interactive Software (NASDAQ:TTWO) was downgraded by MKM Partners from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They presently have a $200.00 price target on the stock. MKM Partners’ price target points to a potential upside of 0.25% from the company’s current price.

A number of other analysts also recently issued reports on TTWO. Credit Suisse Group raised their price target on shares of Take-Two Interactive Software from $171.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, November 6th. Evercore ISI started coverage on shares of Take-Two Interactive Software in a report on Monday, November 16th. They set an “outperform” rating and a $195.00 price target on the stock. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 22nd. Stifel Nicolaus increased their price objective on shares of Take-Two Interactive Software from $193.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Finally, Barclays raised their target price on shares of Take-Two Interactive Software from $196.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $173.13.

NASDAQ:TTWO opened at $199.50 on Thursday. The firm’s 50-day moving average price is $195.20 and its 200-day moving average price is $170.38. The company has a market capitalization of $22.95 billion, a PE ratio of 51.15, a P/E/G ratio of 4.06 and a beta of 0.57. Take-Two Interactive Software has a 1-year low of $100.00 and a 1-year high of $211.44.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, November 5th. The company reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $1.03. Take-Two Interactive Software had a net margin of 13.22% and a return on equity of 28.26%. The company had revenue of $957.50 million for the quarter, compared to the consensus estimate of $884.68 million. During the same period in the prior year, the firm posted $0.63 EPS. Take-Two Interactive Software’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Take-Two Interactive Software will post 3.45 EPS for the current fiscal year.

In related news, Director Michael Sheresky sold 227 shares of the firm’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $161.35, for a total value of $36,626.45. Following the completion of the transaction, the director now directly owns 61,158 shares of the company’s stock, valued at $9,867,843.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Take-Two Interactive Software by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,883,660 shares of the company’s stock valued at $1,349,152,000 after purchasing an additional 158,269 shares in the last quarter. BlackRock Inc. boosted its stake in Take-Two Interactive Software by 2.4% during the fourth quarter. BlackRock Inc. now owns 8,222,990 shares of the company’s stock worth $846,473,000 after buying an additional 190,881 shares during the period. State Street Corp boosted its stake in Take-Two Interactive Software by 5.6% during the first quarter. State Street Corp now owns 5,553,974 shares of the company’s stock worth $658,757,000 after buying an additional 294,310 shares during the period. Finally, FMR LLC boosted its stake in Take-Two Interactive Software by 73.1% during the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock worth $319,116,000 after buying an additional 2,273,553 shares during the period. 93.08% of the stock is owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes, content, and virtual currency.

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Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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