Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $156.00

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) had its price target upped by Barclays from $141.00 to $156.00 in a research note issued to investors on Thursday, The Fly reports.

Several other analysts have also recently commented on the stock. StockNews.com upgraded shares of Take-Two Interactive Software to a sell rating in a research note on Friday, April 21st. Stifel Nicolaus lifted their target price on shares of Take-Two Interactive Software from $127.00 to $150.00 in a report on Tuesday, May 2nd. BMO Capital Markets lifted their target price on shares of Take-Two Interactive Software from $120.00 to $130.00 and gave the company an outperform rating in a report on Wednesday, February 8th. JPMorgan Chase & Co. cut their target price on shares of Take-Two Interactive Software from $144.00 to $140.00 and set an overweight rating for the company in a report on Tuesday, February 7th. Finally, Wedbush cut their target price on shares of Take-Two Interactive Software from $140.00 to $130.00 and set an outperform rating for the company in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software has an average rating of Moderate Buy and a consensus price target of $144.31.

Take-Two Interactive Software Stock Down 1.6 %

Shares of NASDAQ TTWO opened at $137.43 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.65. Take-Two Interactive Software has a 12 month low of $90.00 and a 12 month high of $141.96. The company has a 50 day simple moving average of $121.63 and a two-hundred day simple moving average of $111.64.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last announced its quarterly earnings data on Wednesday, May 17th. The company reported ($3.62) EPS for the quarter, missing the consensus estimate of $0.68 by ($4.30). Take-Two Interactive Software had a negative net margin of 21.02% and a positive return on equity of 3.52%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The business’s revenue was up 64.7% on a year-over-year basis. As a group, research analysts expect that Take-Two Interactive Software will post 3.2 earnings per share for the current year.

Insider Activity

In other news, President Karl Slatoff sold 68,351 shares of the business’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $122.12, for a total transaction of $8,347,024.12. Following the transaction, the president now owns 262,678 shares of the company’s stock, valued at approximately $32,078,237.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Take-Two Interactive Software by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,859,654 shares of the company’s stock valued at $1,946,703,000 after acquiring an additional 283,258 shares during the last quarter. BlackRock Inc. boosted its position in shares of Take-Two Interactive Software by 1.5% during the 1st quarter. BlackRock Inc. now owns 12,311,580 shares of the company’s stock valued at $1,468,771,000 after acquiring an additional 182,016 shares during the last quarter. State Street Corp boosted its position in shares of Take-Two Interactive Software by 2.8% during the 1st quarter. State Street Corp now owns 7,016,407 shares of the company’s stock valued at $836,988,000 after acquiring an additional 192,805 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Take-Two Interactive Software by 2.8% during the 1st quarter. Geode Capital Management LLC now owns 3,433,813 shares of the company’s stock valued at $408,781,000 after acquiring an additional 94,906 shares during the last quarter. Finally, Capital World Investors acquired a new position in Take-Two Interactive Software in the first quarter valued at about $513,164,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

About Take-Two Interactive Software

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.