TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective raised by Oppenheimer from $145.00 to $155.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 10.31% from the company’s current price.
Several other research firms have also weighed in on TTWO. MKM Partners lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “neutral” rating and decreased their target price for the company from $142.00 to $133.00 in a report on Friday, January 24th. Wedbush reiterated a “buy” rating and issued a $131.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Monday, May 18th. Exane BNP Paribas upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 target price on the stock in a report on Monday, March 2nd. Stephens boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $110.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Cfra decreased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $132.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Twelve research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $140.44.
TTWO opened at $140.51 on Thursday. The firm has a market capitalization of $15.67 billion, a PE ratio of 39.69, a PEG ratio of 4.86 and a beta of 0.56. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $100.00 and a twelve month high of $149.28. The firm’s 50-day moving average price is $125.95 and its 200 day moving average price is $121.09. The company has a current ratio of 1.71, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.60. The firm had revenue of $729.42 million for the quarter, compared to analyst estimates of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 earnings per share for the current fiscal year.
In other TAKE-TWO INTERACTIVE SOFTWARE news, CFO Lainie Goldstein sold 16,933 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $135.01, for a total transaction of $2,286,124.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,665 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $118.97, for a total transaction of $25,776,635.05. The disclosure for this sale can be found here. Insiders have sold a total of 260,474 shares of company stock valued at $31,648,198 over the last 90 days. 1.20% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of TTWO. Melvin Capital Management LP increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 207.5% during the 1st quarter. Melvin Capital Management LP now owns 3,382,830 shares of the company’s stock valued at $401,237,000 after acquiring an additional 2,282,830 shares in the last quarter. AJO LP boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4,731.5% during the 4th quarter. AJO LP now owns 1,395,230 shares of the company’s stock worth $170,817,000 after purchasing an additional 1,366,352 shares during the last quarter. Norges Bank acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter worth about $141,296,000. Morgan Stanley boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 297.7% during the 1st quarter. Morgan Stanley now owns 1,454,161 shares of the company’s stock worth $172,478,000 after purchasing an additional 1,088,556 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 663.2% during the 4th quarter. Prudential Financial Inc. now owns 797,603 shares of the company’s stock worth $97,650,000 after purchasing an additional 693,100 shares during the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
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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