Take-Two Interactive Software (NASDAQ:TTWO) Receives Outperform Rating from CIBC

CIBC reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report released on Tuesday, November 21st. They currently have a $135.00 price target on the stock, up from their prior price target of $112.00.

TTWO has been the topic of a number of other reports. Benchmark reaffirmed a buy rating and set a $110.00 price target (up from $100.00) on shares of Take-Two Interactive Software in a research report on Saturday, September 16th. MKM Partners upped their target price on Take-Two Interactive Software from $97.00 to $122.00 and gave the company a buy rating in a research report on Monday, October 30th. BMO Capital Markets upped their target price on Take-Two Interactive Software from $125.00 to $135.00 and gave the company an outperform rating in a research report on Monday, November 13th. Barclays started coverage on Take-Two Interactive Software in a research report on Wednesday, October 4th. They issued an overweight rating and a $115.00 target price on the stock. Finally, Stifel Nicolaus reissued a buy rating and issued a $105.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Take-Two Interactive Software currently has an average rating of Buy and a consensus price target of $112.90.

Shares of Take-Two Interactive Software (TTWO) traded up $1.65 during trading hours on Tuesday, hitting $106.54. The company’s stock had a trading volume of 1,973,104 shares, compared to its average volume of 1,949,912. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $11,883.19, a price-to-earnings ratio of 40.70, a PEG ratio of 3.02 and a beta of 0.81. Take-Two Interactive Software has a fifty-two week low of $48.58 and a fifty-two week high of $120.62.

In other Take-Two Interactive Software 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 value of $3,611,655.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $115.54, for a total transaction of $3,466,200.00. Following the completion of the transaction, the chief financial officer now directly owns 351,019 shares of the company’s stock, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. Insiders have sold a total of 66,504 shares of company stock valued at $7,729,606 in the last 90 days. Insiders own 1.55% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its position in Take-Two Interactive Software by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock valued at $715,000 after buying an additional 39 shares during the period. Cigna Investments Inc. New boosted its position in Take-Two Interactive Software by 1.3% in the 2nd quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock valued at $291,000 after buying an additional 52 shares during the period. J.P. Marvel Investment Advisors LLC boosted its position in Take-Two Interactive Software by 0.3% in the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock valued at $1,553,000 after buying an additional 63 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Take-Two Interactive Software by 1.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock worth $528,000 after purchasing an additional 129 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Take-Two Interactive Software by 2.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,154 shares of the company’s stock worth $1,112,000 after purchasing an additional 340 shares during the last quarter. 91.26% of the stock is owned by institutional investors.

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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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