Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been given an average rating of “Moderate Buy” by the twenty-four brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $266.3333.

A number of research analysts have commented on TTWO shares. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Benchmark lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Arete Research raised shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price objective for the company in a research note on Monday, December 1st. CICC Research began coverage on Take-Two Interactive Software in a report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 target price for the company. Finally, DA Davidson increased their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 9th.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the transaction, the director owned 65,781 shares in the company, valued at $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the completion of the transaction, the director owned 2,716 shares of the company’s stock, valued at $640,840.20. This represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,421 shares of company stock worth $349,042. 1.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC increased its position in shares of Take-Two Interactive Software by 115.7% during the second quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Take-Two Interactive Software during the 2nd quarter worth $27,000. Finally, 1 North Wealth Services LLC purchased a new stake in Take-Two Interactive Software in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 1.1%

Shares of NASDAQ TTWO opened at $246.02 on Thursday. Take-Two Interactive Software has a twelve month low of $177.35 and a twelve month high of $264.79. The firm has a market cap of $45.46 billion, a PE ratio of -10.89, a price-to-earnings-growth ratio of 3.97 and a beta of 0.96. The business has a fifty day simple moving average of $249.23 and a two-hundred day simple moving average of $240.77. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the firm posted ($2.08) earnings per share. Analysts expect that Take-Two Interactive Software will post 0.97 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.