Take-Two Interactive Software (NASDAQ:TTWO) Given New $190.00 Price Target at Oppenheimer

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) had its price target reduced by Oppenheimer from $215.00 to $190.00 in a research note issued on Tuesday, The Fly reports. Oppenheimer’s price objective would suggest a potential upside of 72.55% from the company’s previous close.

Several other research firms also recently commented on TTWO. Cowen lowered their target price on shares of Take-Two Interactive Software from $229.00 to $185.00 in a research report on Tuesday. Wedbush lowered their price target on Take-Two Interactive Software from $180.00 to $145.00 in a research report on Tuesday. StockNews.com assumed coverage on Take-Two Interactive Software in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Exane BNP Paribas raised Take-Two Interactive Software from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $215.00 to $180.00 in a research report on Wednesday, January 19th. Finally, Morgan Stanley lowered their price target on Take-Two Interactive Software from $215.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Buy” and a consensus target price of $188.82.

Take-Two Interactive Software stock opened at $110.11 on Tuesday. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.05 and a beta of 0.77. Take-Two Interactive Software has a one year low of $101.85 and a one year high of $195.82. The company’s fifty day moving average price is $137.40 and its two-hundred day moving average price is $157.61.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last posted its earnings results on Monday, May 16th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.70 by $0.25. The firm had revenue of $845.78 million for the quarter, compared to the consensus estimate of $884.62 million. Take-Two Interactive Software had a net margin of 15.40% and a return on equity of 15.63%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share. Equities research analysts forecast that Take-Two Interactive Software will post 3.66 EPS for the current year.

In other Take-Two Interactive Software news, President Karl Slatoff sold 152,373 shares of the firm’s stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $138.64, for a total transaction of $21,124,992.72. Following the completion of the transaction, the president now owns 437,067 shares in the company, valued at $60,594,968.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Voloridge Investment Management LLC lifted its stake in 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 period. Ardevora Asset Management LLP raised its stake in shares of Take-Two Interactive Software by 3.2% in the fourth quarter. Ardevora Asset Management LLP now owns 386,845 shares of the company’s stock valued at $68,750,000 after acquiring an additional 11,900 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Take-Two Interactive Software by 21.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,713 shares of the company’s stock valued at $482,000 after acquiring an additional 478 shares during the last quarter. Toroso Investments LLC raised its stake in shares of Take-Two Interactive Software by 299.3% in the third quarter. Toroso Investments LLC now owns 6,065 shares of the company’s stock valued at $927,000 after acquiring an additional 4,546 shares during the last quarter. Finally, Force Hill Capital Management LP raised its stake in shares of 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 valued at $12,076,000 after acquiring an additional 32,780 shares during the last quarter. Hedge funds and other institutional investors own 88.08% 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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