Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Average Recommendation of “Buy” by Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) has earned an average rating of “Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $196.67.

A number of equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $180.00 to $215.00 in a report on Wednesday, January 19th. BMO Capital Markets raised shares of Take-Two Interactive Software from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a report on Wednesday, January 12th. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and set a $170.00 price objective for the company. in a report on Tuesday, January 11th. Exane BNP Paribas raised shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $215.00 to $180.00 in a report on Wednesday, January 19th. Finally, KeyCorp upped their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, February 8th.

Shares of TTWO traded down $5.90 during trading hours on Tuesday, hitting $127.06. The stock had a trading volume of 16,595 shares, compared to its average volume of 2,252,893. The firm has a 50-day moving average price of $150.80 and a 200 day moving average price of $164.00. Take-Two Interactive Software has a fifty-two week low of $131.37 and a fifty-two week high of $195.82. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.36 and a beta of 0.64.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its quarterly earnings data on Monday, February 7th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.31. Take-Two Interactive Software had a net margin of 15.40% and a return on equity of 15.63%. The company had revenue of $866.12 million during the quarter, compared to analysts’ expectations of $867.93 million. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts expect that Take-Two Interactive Software will post 3.64 EPS for the current fiscal year.

In other Take-Two Interactive Software news, President Karl Slatoff sold 152,373 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $138.64, for a total value of $21,124,992.72. Following the completion of the sale, the president now owns 437,067 shares in the company, valued at $60,594,968.88. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Voloridge Investment Management LLC raised its stake in shares of Take-Two Interactive Software by 244.5% during the third quarter. Voloridge Investment Management LLC now owns 162,716 shares of the company’s stock worth $25,070,000 after purchasing an additional 115,490 shares during the last quarter. Donaldson Capital Management LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth approximately $3,107,000. Ardevora Asset Management LLP raised its stake in shares of Take-Two Interactive Software by 3.2% during the fourth quarter. Ardevora Asset Management LLP now owns 386,845 shares of the company’s stock worth $68,750,000 after purchasing an additional 11,900 shares during the last quarter. Toroso Investments LLC raised its stake in shares of Take-Two Interactive Software by 299.3% during the third quarter. Toroso Investments LLC now owns 6,065 shares of the company’s stock worth $927,000 after purchasing an additional 4,546 shares during the last quarter. Finally, Force Hill Capital Management LP raised its position in Take-Two Interactive Software by 71.9% in the third quarter. Force Hill Capital Management LP now owns 78,380 shares of the company’s stock worth $12,076,000 after acquiring an additional 32,780 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

Take-Two Interactive Software Company Profile (Get Rating)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, Social Point, and Playdots labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content.

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