Take-Two Interactive Software, Inc. (NASDAQ:TTWO) – Stock analysts at Oppenheimer cut their Q3 2018 earnings per share (EPS) estimates for shares of Take-Two Interactive Software in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Oppenheimer analyst A. Uerkwitz now forecasts that the company will post earnings of $0.67 per share for the quarter, down from their previous forecast of $0.68. Oppenheimer has a “Outperform” rating and a $135.00 price target on the stock. Oppenheimer also issued estimates for Take-Two Interactive Software’s Q4 2018 earnings at $0.27 EPS.
Other research analysts have also recently issued reports about the stock. Benchmark reissued a “buy” rating and set a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $96.00 target price (up from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. Buckingham Research assumed coverage on shares of Take-Two Interactive Software in a research report on Wednesday, September 20th. They set a “buy” rating and a $120.00 target price on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a research note on Sunday, September 10th. Finally, Goldman Sachs Group started coverage on shares of Take-Two Interactive Software in a research note on Friday, September 8th. They issued a “buy” rating and a $118.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Take-Two Interactive Software presently has a consensus rating of “Buy” and a consensus target price of $112.90.
Take-Two Interactive Software (NASDAQ:TTWO) traded up $1.65 during midday trading on Wednesday, hitting $106.54. 1,973,104 shares of the stock were exchanged, compared to its average volume of 1,949,912. Take-Two Interactive Software has a twelve month low of $48.58 and a twelve month high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $11,883.19, a PE ratio of 40.70, a P/E/G ratio of 3.02 and a beta of 0.81.
Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning lifted its holdings in Take-Two Interactive Software by 338.7% in the second quarter. Creative Planning now owns 4,492 shares of the company’s stock worth $330,000 after purchasing an additional 3,468 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Take-Two Interactive Software by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,625 shares of the company’s stock worth $2,761,000 after purchasing an additional 1,588 shares during the period. Aperio Group LLC lifted its holdings in Take-Two Interactive Software by 14.4% in the second quarter. Aperio Group LLC now owns 25,768 shares of the company’s stock worth $1,891,000 after purchasing an additional 3,249 shares during the period. State Treasurer State of Michigan lifted its holdings in Take-Two Interactive Software by 3.9% in the second quarter. State Treasurer State of Michigan now owns 42,800 shares of the company’s stock worth $3,141,000 after purchasing an additional 1,600 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Take-Two Interactive Software in the second quarter worth about $453,000. 91.26% of the stock is owned by institutional investors.
In other news, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $118.50, for a total transaction of $651,750.00. Following the completion of the transaction, the director now owns 4,777 shares of the company’s stock, valued at $566,074.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,504 shares of company stock valued at $7,729,606. 1.55% of the stock is owned by insiders.
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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.
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