Take-Two Interactive Software (NASDAQ:TTWO) PT Lowered to $185.00 at Barclays

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) had its target price cut by analysts at Barclays from $220.00 to $185.00 in a research report issued on Tuesday, The Fly reports. Barclays‘s price objective points to a potential upside of 68.01% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. TheStreet cut shares of Take-Two Interactive Software from a “b” rating to a “c+” rating in a research report on Tuesday, March 8th. Sanford C. Bernstein assumed coverage on shares of Take-Two Interactive Software in a research report on Friday, April 22nd. They set an “outperform” rating and a $173.00 target price for the company. StockNews.com assumed coverage on shares of Take-Two Interactive Software in a research report on Thursday, March 31st. They set a “hold” rating for the company. KeyCorp increased their target price on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, February 8th. Finally, Credit Suisse Group cut their price objective on shares of Take-Two Interactive Software from $210.00 to $190.00 in a research note on Monday, May 9th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Buy” and an average target price of $191.53.

Shares of TTWO opened at $110.11 on Tuesday. The company has a 50 day moving average price of $137.40 and a 200-day moving average price of $157.61. Take-Two Interactive Software has a fifty-two week low of $101.85 and a fifty-two week high of $195.82. The stock has a market capitalization of $12.71 billion, a PE ratio of 24.41, a PEG ratio of 2.05 and a beta of 0.77.

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

In other 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 value of $21,124,992.72. Following the transaction, the president now directly owns 437,067 shares of the company’s stock, valued at $60,594,968.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Take-Two Interactive Software by 0.5% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,000 shares of the company’s stock worth $1,849,000 after buying an additional 60 shares in the last quarter. River & Mercantile Asset Management LLP raised its stake in Take-Two Interactive Software by 0.7% during the fourth quarter. River & Mercantile Asset Management LLP now owns 9,250 shares of the company’s stock worth $1,644,000 after purchasing an additional 60 shares during the period. Parkside Financial Bank & Trust raised its stake in Take-Two Interactive Software by 40.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 230 shares of the company’s stock worth $41,000 after purchasing an additional 66 shares during the period. Huntington National Bank raised its stake in Take-Two Interactive Software by 62.3% during the fourth quarter. Huntington National Bank now owns 185 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, First Midwest Bank Trust Division raised its stake in Take-Two Interactive Software by 1.5% during the fourth quarter. First Midwest Bank Trust Division now owns 5,273 shares of the company’s stock worth $937,000 after purchasing an additional 79 shares during the period. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software (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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