KeyCorp Trims TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Target Price to $133.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target lowered by KeyCorp from $152.00 to $133.00 in a research note published on Tuesday morning, The Fly reports. The brokerage currently has an overweight rating on the stock.

TTWO has been the topic of a number of other reports. Wedbush reaffirmed an outperform rating and set a $126.00 price target (up from $119.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, May 8th. MKM Partners lowered their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a buy rating on the stock in a research report on Thursday, February 7th. Stephens set a $110.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a research report on Tuesday, March 26th. Zacks Investment Research lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a sell rating in a research report on Thursday, April 11th. Finally, Benchmark raised their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the stock a buy rating in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of Buy and a consensus target price of $126.12.

NASDAQ:TTWO opened at $103.55 on Tuesday. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $84.41 and a 52 week high of $139.91. The stock has a market cap of $11.32 billion, a P/E ratio of 26.69, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.95% and a net margin of 12.51%. The business had revenue of $488.40 million for the quarter, compared to the consensus estimate of $500.86 million. During the same period in the prior year, the business posted $0.70 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 18.7% compared to the same quarter last year. On average, analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.54 EPS for the current year.

In other news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.07% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 32.9% in the 4th quarter. LS Investment Advisors LLC now owns 4,473 shares of the company’s stock valued at $460,000 after purchasing an additional 1,108 shares in the last quarter. Virtu Financial LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth approximately $3,436,000. Gables Capital Management Inc. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth approximately $288,000. Wakefield Asset Management LLLP acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth approximately $911,000. Finally, Retirement Systems of Alabama boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 52,693 shares of the company’s stock worth $4,973,000 after buying an additional 200 shares during the period. Institutional investors own 97.13% of the company’s stock.

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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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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