Take-Two Interactive Software’s (TTWO) “Neutral” Rating Reiterated at The Goldman Sachs Group

Take-Two Interactive Software (NASDAQ:TTWOGet Rating)‘s stock had its “neutral” rating reaffirmed by investment analysts at The Goldman Sachs Group in a note issued to investors on Thursday, The Fly reports. They presently have a $136.00 price objective on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 8.03% from the stock’s current price.

TTWO has been the topic of a number of other research reports. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research report on Thursday. They issued an “overweight” rating and a $175.00 price objective on the stock. Oppenheimer lowered their target price on Take-Two Interactive Software from $215.00 to $190.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th. Morgan Stanley reduced their price target on Take-Two Interactive Software from $215.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, May 17th. Cowen lowered their price target on Take-Two Interactive Software from $229.00 to $185.00 in a research report on Tuesday, May 17th. Finally, Robert W. Baird decreased their target price on shares of Take-Two Interactive Software from $210.00 to $145.00 in a research note on Tuesday, May 17th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $181.83.

TTWO stock traded down $3.34 during trading on Thursday, hitting $125.89. The company had a trading volume of 29,521 shares, compared to its average volume of 4,362,730. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 1.82 and a beta of 0.77. Take-Two Interactive Software has a 12 month low of $101.85 and a 12 month high of $195.82. The firm has a 50-day moving average price of $127.62 and a 200-day moving average price of $150.87.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last posted its earnings results on Monday, May 16th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.25. Take-Two Interactive Software had a return on equity of 12.63% and a net margin of 11.93%. The company had revenue of $845.78 million during the quarter, compared to analyst estimates of $884.62 million. During the same period in the previous year, the company earned $1.66 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Take-Two Interactive Software will post 3.33 earnings per share for the current fiscal year.

In other news, insider Daniel P. Emerson sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $127.78, for a total transaction of $399,312.50. Following the completion of the sale, the insider now owns 95,572 shares of the company’s stock, valued at approximately $12,212,190.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Karl Slatoff sold 152,373 shares of the company’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 transaction, the president now directly owns 437,067 shares in the company, valued at $60,594,968.88. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Take-Two Interactive Software by 443.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,607 shares of the company’s stock worth $3,175,000 after acquiring an additional 16,813 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Take-Two Interactive Software by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 502,512 shares of the company’s stock worth $77,416,000 after purchasing an additional 17,525 shares in the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the third quarter valued at approximately $615,000. Penserra Capital Management LLC raised its position in shares of Take-Two Interactive Software by 14.9% in the third quarter. Penserra Capital Management LLC now owns 15,387 shares of the company’s stock valued at $2,370,000 after purchasing an additional 1,992 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Take-Two Interactive Software by 3.1% during the 3rd quarter. Morgan Stanley now owns 596,155 shares of the company’s stock valued at $91,849,000 after buying an additional 18,130 shares in the last quarter. Institutional investors own 88.08% of the company’s stock.

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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