Take-Two Interactive (NASDAQ:TTWO) has been given a consensus recommendation of “Buy” by the twenty-six research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $124.45.
Several analysts have commented on the company. Morgan Stanley assumed coverage on Take-Two Interactive in a report on Thursday, February 1st. They issued an “overweight” rating and a $150.00 price target for the company. BidaskClub upgraded Take-Two Interactive from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Wedbush set a $126.00 price target on Take-Two Interactive and gave the company a “hold” rating in a report on Thursday, February 8th. Barclays reiterated an “overweight” rating and set a $128.00 target price (up previously from $121.00) on shares of Take-Two Interactive in a report on Thursday, February 8th. Finally, Credit Suisse Group boosted their target price on Take-Two Interactive from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th.
TTWO traded up $2.59 during midday trading on Thursday, hitting $101.06. The company’s stock had a trading volume of 548,196 shares, compared to its average volume of 2,697,407. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.17. The stock has a market capitalization of $11,118.37, a price-to-earnings ratio of 52.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. Take-Two Interactive has a 52-week low of $58.19 and a 52-week high of $129.25.
Take-Two Interactive (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.84 by $0.34. The company had revenue of $653.94 million during the quarter, compared to analysts’ expectations of $669.08 million. Take-Two Interactive had a return on equity of 27.78% and a net margin of 9.43%. equities research analysts anticipate that Take-Two Interactive will post 2.43 earnings per share for the current year.
In other Take-Two Interactive news, President Karl Slatoff sold 227,671 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $95.75, for a total value of $21,799,498.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 252,197 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $95.63, for a total value of $24,117,599.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 492,559 shares of company stock valued at $47,115,477. 1.55% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jackson Square Partners LLC boosted its holdings in Take-Two Interactive by 11.6% in the 4th quarter. Jackson Square Partners LLC now owns 3,898,808 shares of the company’s stock worth $428,011,000 after acquiring an additional 403,740 shares during the period. Bank of New York Mellon Corp raised its position in shares of Take-Two Interactive by 22.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,390,632 shares of the company’s stock valued at $152,663,000 after acquiring an additional 257,555 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Take-Two Interactive by 12.0% during the 4th quarter. Geode Capital Management LLC now owns 999,479 shares of the company’s stock valued at $109,662,000 after acquiring an additional 106,849 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Take-Two Interactive by 11.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 932,818 shares of the company’s stock valued at $102,405,000 after acquiring an additional 95,368 shares in the last quarter. Finally, Newbrook Capital Advisors LP raised its position in shares of Take-Two Interactive by 6.1% during the 4th quarter. Newbrook Capital Advisors LP now owns 812,272 shares of the company’s stock valued at $89,171,000 after acquiring an additional 46,470 shares in the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
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About Take-Two Interactive
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. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.
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