Oppenheimer Reiterates “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Oppenheimer restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report report published on Tuesday, Benzinga reports. They currently have a $185.00 target price on the stock.

A number of other research firms have also issued reports on TTWO. Stifel Nicolaus reaffirmed a buy rating and set a $175.00 target price on shares of Take-Two Interactive Software in a report on Monday, April 1st. Roth Mkm increased their price target on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a buy rating in a research report on Friday, February 9th. BMO Capital Markets initiated coverage on Take-Two Interactive Software in a research report on Tuesday, January 9th. They issued an outperform rating and a $200.00 price target for the company. The Goldman Sachs Group increased their price target on Take-Two Interactive Software from $165.00 to $200.00 and gave the company a buy rating in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. decreased their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating for the company in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $177.61.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $141.72 on Tuesday. The business’s 50-day moving average price is $148.03 and its 200 day moving average price is $152.27. The firm has a market cap of $24.18 billion, a P/E ratio of -16.52, a PEG ratio of 1.20 and a beta of 0.74. Take-Two Interactive Software has a 52-week low of $119.57 and a 52-week high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. As a group, sell-side analysts predict that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC lifted its holdings in Take-Two Interactive Software by 6.9% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 3,733 shares of the company’s stock worth $554,000 after purchasing an additional 241 shares during the last quarter. United Asset Strategies Inc. lifted its holdings in Take-Two Interactive Software by 3.0% in the 1st quarter. United Asset Strategies Inc. now owns 9,774 shares of the company’s stock worth $1,451,000 after purchasing an additional 286 shares during the last quarter. Legacy Trust lifted its holdings in Take-Two Interactive Software by 3.3% in the 1st quarter. Legacy Trust now owns 20,573 shares of the company’s stock worth $3,055,000 after purchasing an additional 652 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Take-Two Interactive Software by 414.7% in the 1st quarter. Fifth Third Bancorp now owns 18,690 shares of the company’s stock worth $2,775,000 after purchasing an additional 15,059 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Take-Two Interactive Software by 0.9% in the 1st quarter. Raymond James & Associates now owns 132,270 shares of the company’s stock worth $19,641,000 after purchasing an additional 1,238 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software

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, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.