Take-Two Interactive Software (NASDAQ:TTWO) Receives “Outperform” Rating from Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report released on Tuesday morning, Benzinga reports. Oppenheimer currently has a $185.00 price objective on the stock.

A number of other research analysts also recently issued reports on the stock. Roth Mkm lifted their price target on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a buy rating in a research note on Friday, February 9th. Citigroup raised shares of Take-Two Interactive Software from a neutral rating to a buy rating and raised their price objective for the stock from $170.00 to $200.00 in a report on Monday, April 8th. Stifel Nicolaus reissued a buy rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a report on Monday, April 1st. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an overweight rating in a report on Thursday, February 1st. Finally, Wedbush reissued an outperform rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $177.61.

Take-Two Interactive Software Stock Up 1.3 %

Shares of Take-Two Interactive Software stock opened at $141.72 on Tuesday. Take-Two Interactive Software has a 52-week low of $119.57 and a 52-week high of $171.59. The company has a 50 day moving average of $148.03 and a 200 day moving average of $152.27. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $24.18 billion, a P/E ratio of -16.52, a P/E/G ratio of 1.20 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, research analysts forecast that Take-Two Interactive Software will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Take-Two Interactive Software by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock worth $3,020,116,000 after buying an additional 259,149 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Take-Two Interactive Software by 1.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock valued at $662,690,000 after purchasing an additional 84,633 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Take-Two Interactive Software by 12.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock valued at $755,165,000 after purchasing an additional 521,456 shares in the last quarter. Boston Partners lifted its holdings in Take-Two Interactive Software by 10.5% in the 3rd quarter. Boston Partners now owns 2,893,303 shares of the company’s stock valued at $405,792,000 after purchasing an additional 275,368 shares in the last quarter. Finally, Norges Bank purchased a new position in Take-Two Interactive Software in the 4th quarter valued at about $350,811,000. 95.46% of the stock is currently 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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.