Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $178.96 Average PT from Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has received an average rating of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $178.30.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Finally, Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, May 17th.

Take-Two Interactive Software Trading Down 1.6 %

Shares of TTWO stock opened at $143.68 on Monday. Take-Two Interactive Software has a 12 month low of $130.34 and a 12 month high of $171.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $155.24 and its two-hundred day moving average is $152.65. The company has a market cap of $25.18 billion, a PE ratio of -6.54, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.47 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts predict that Take-Two Interactive Software will post 0.94 EPS for the current year.

Insider Activity

In other news, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in shares of Take-Two Interactive Software by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,174 shares of the company’s stock worth $2,120,000 after buying an additional 3,087 shares during the period. Global Retirement Partners LLC grew its position in shares of Take-Two Interactive Software by 38.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,076 shares of the company’s stock worth $174,000 after buying an additional 301 shares during the period. Caprock Group LLC grew its position in shares of Take-Two Interactive Software by 8.9% during the 4th quarter. Caprock Group LLC now owns 3,311 shares of the company’s stock worth $533,000 after buying an additional 271 shares during the period. State of Alaska Department of Revenue grew its position in shares of Take-Two Interactive Software by 3.7% during the 4th quarter. State of Alaska Department of Revenue now owns 50,343 shares of the company’s stock worth $8,102,000 after buying an additional 1,790 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $266,000. 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.