Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) have received an average rating of “Buy” from the twenty-two ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $141.06.
TTWO has been the topic of a number of research reports. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Bank of America boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Stifel Nicolaus boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Sanford C. Bernstein initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $116.00 to $119.00 and gave the company a “market perform” rating in a report on Monday, August 6th.
In related news, CFO Lainie Goldstein sold 3,113 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $130.00, for a total value of $404,690.00. Following the transaction, the chief financial officer now owns 261,149 shares in the company, valued at approximately $33,949,370. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Daniel P. Emerson sold 13,268 shares of the company’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total transaction of $1,640,322.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,576 shares of company stock worth $5,068,790. 1.07% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 19.5% in the 3rd quarter. American Century Companies Inc. now owns 1,380,614 shares of the company’s stock worth $190,511,000 after purchasing an additional 225,287 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter worth about $318,000. Bbva Compass Bancshares Inc. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter worth about $231,000. CIBC Asset Management Inc raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 169.9% in the 3rd quarter. CIBC Asset Management Inc now owns 40,098 shares of the company’s stock worth $5,533,000 after buying an additional 25,243 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter worth about $405,000. Institutional investors own 92.93% of the company’s stock.
NASDAQ:TTWO opened at $128.37 on Monday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 51.96, a P/E/G ratio of 2.58 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $92.81 and a twelve month high of $139.91.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business had revenue of $288.33 million for the quarter, compared to analysts’ expectations of $258.95 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. On average, equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 EPS for the current year.
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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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