Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report released on Thursday, Marketbeat Ratings reports. Wedbush currently has a $190.00 price target on the stock.

A number of other equities research analysts have also recently commented on the company. TD Cowen increased their price target on Take-Two Interactive Software from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday. Redburn Atlantic began coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price on the stock. Benchmark raised their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. The Goldman Sachs Group raised their target price on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley raised their price objective on Take-Two Interactive Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $188.05.

Take-Two Interactive Software Trading Down 0.7 %

Take-Two Interactive Software stock opened at $177.90 on Thursday. The stock has a 50-day moving average of $156.75 and a two-hundred day moving average of $153.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $180.53. The stock has a market cap of $31.18 billion, a PE ratio of -8.41, a price-to-earnings-growth ratio of 5.09 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 0.49% and a negative net margin of 66.38%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts anticipate that Take-Two Interactive Software will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Texas Permanent School Fund Corp raised its holdings in shares of Take-Two Interactive Software by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,779 shares of the company’s stock valued at $4,867,000 after buying an additional 121 shares during the period. ORG Partners LLC lifted its position in Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after acquiring an additional 166 shares during the period. Empirical Finance LLC lifted its holdings in shares of Take-Two Interactive Software by 4.0% in the 1st quarter. Empirical Finance LLC now owns 5,017 shares of the company’s stock valued at $745,000 after buying an additional 193 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Take-Two Interactive Software by 11.7% during the first quarter. Illinois Municipal Retirement Fund now owns 51,967 shares of the company’s stock worth $7,717,000 after purchasing an additional 5,454 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in Take-Two Interactive Software by 16.5% during the first quarter. Highland Capital Management LLC now owns 46,096 shares of the company’s stock worth $6,845,000 after buying an additional 6,531 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.