TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Shares Gap Down to $119.14

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $122.64, but opened at $119.14. TAKE-TWO INTERACTIVE SOFTWARE shares last traded at $113.05, with a volume of 6326545 shares trading hands.

Several equities analysts recently weighed in on TTWO shares. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Bank of America raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Sanford C. Bernstein started coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $116.00 to $119.00 and gave the company a “market perform” rating in a research report on Monday, August 6th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and a consensus target price of $144.94.

The stock has a market cap of $14.08 billion, a P/E ratio of 64.60, a P/E/G ratio of 2.47 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. The company had revenue of $583.42 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current year.

In other news, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul E. Viera bought 73,896 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Friday, August 24th. The stock was purchased at an average price of $133.94 per share, for a total transaction of $9,897,630.24. Following the purchase, the director now directly owns 926 shares in the company, valued at approximately $124,028.44. The disclosure for this purchase can be found here. In the last three months, insiders sold 36,463 shares of company stock worth $4,664,100. Insiders own 1.07% of the company’s stock.

Several large investors have recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 19.9% in the 1st quarter. LPL Financial LLC now owns 8,662 shares of the company’s stock valued at $847,000 after acquiring an additional 1,436 shares during the last quarter. Suntrust Banks Inc. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter valued at about $268,000. DnB Asset Management AS increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 7.0% in the 2nd quarter. DnB Asset Management AS now owns 10,700 shares of the company’s stock valued at $1,266,000 after acquiring an additional 700 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 47.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 4,893 shares of the company’s stock valued at $579,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 3.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,041 shares of the company’s stock valued at $3,911,000 after acquiring an additional 1,044 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

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TAKE-TWO INTERACTIVE SOFTWARE Company Profile (NASDAQ:TTWO)

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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