BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from a hold rating to a buy rating in a report released on Saturday, BidAskClub reports.
Other equities analysts also recently issued reports about the company. SunTrust Banks restated a buy rating and set a $133.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Friday, November 22nd. Barclays restated a buy rating and set a $142.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE to $120.00 and gave the stock a market perform rating in a research report on Tuesday, November 12th. Morgan Stanley raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock an overweight rating in a research report on Tuesday, October 15th. Finally, ValuEngine downgraded TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a research report on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $132.79.
Shares of TTWO opened at $126.93 on Friday. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $84.41 and a 1 year high of $135.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.48 and a quick ratio of 1.46. The company has a market capitalization of $14.37 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 3.13 and a beta of 0.69. The business has a 50-day moving average of $123.37 and a 200-day moving average of $123.24.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.78. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The company had revenue of $950.50 million during the quarter, compared to the consensus estimate of $926.91 million. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was up 62.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.22 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Johanson Financial Advisors Inc. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $200,000. DNB Asset Management AS grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 79.1% in the fourth quarter. DNB Asset Management AS now owns 20,642 shares of the company’s stock valued at $2,527,000 after acquiring an additional 9,117 shares during the period. Polianta Ltd grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 11.9% in the fourth quarter. Polianta Ltd now owns 9,400 shares of the company’s stock valued at $1,150,000 after acquiring an additional 1,000 shares during the period. State of Alaska Department of Revenue grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 20,502 shares of the company’s stock valued at $2,509,000 after acquiring an additional 382 shares during the period. Finally, Maverick Capital Ltd. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the third quarter valued at approximately $915,000. 91.01% of the stock is owned by institutional investors and hedge funds.
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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