Take-Two Interactive Software (NASDAQ:TTWO) Shares Gap Down to $124.19

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating)’s share price gapped down prior to trading on Monday . The stock had previously closed at $124.19, but opened at $117.23. Take-Two Interactive Software shares last traded at $122.18, with a volume of 26,595 shares.

Analyst Ratings Changes

TTWO has been the subject of a number of research reports. Bank of America lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their target price for the company from $141.00 to $130.00 in a research note on Tuesday, August 9th. StockNews.com lowered shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Truist Financial lowered their price target on shares of Take-Two Interactive Software from $162.00 to $157.00 and set a “buy” rating for the company in a report on Monday, September 5th. Credit Suisse Group reduced their price objective on Take-Two Interactive Software from $139.00 to $137.00 and set a “neutral” rating on the stock in a report on Tuesday, August 9th. Finally, Robert W. Baird lowered their target price on Take-Two Interactive Software from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.12.

Take-Two Interactive Software Trading Down 2.7 %

The company has a market capitalization of $14.09 billion, a P/E ratio of 80.06, a PEG ratio of 2.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50-day moving average price is $125.98 and its two-hundred day moving average price is $130.29.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $0.84 by ($1.60). The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.11 billion. Take-Two Interactive Software had a return on equity of 8.21% and a net margin of 4.26%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. As a group, analysts forecast that Take-Two Interactive Software, Inc. will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors bought a new position in Take-Two Interactive Software in the first quarter valued at approximately $513,164,000. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 22.5% during the second quarter. State Street Corp now owns 6,753,431 shares of the company’s stock worth $827,430,000 after acquiring an additional 1,240,702 shares during the period. Norges Bank bought a new stake in Take-Two Interactive Software in the 4th quarter valued at $183,696,000. Artisan Partners Limited Partnership acquired a new position in Take-Two Interactive Software in the 2nd quarter worth $124,297,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in Take-Two Interactive Software by 37.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,012,916 shares of the company’s stock worth $369,172,000 after purchasing an additional 819,021 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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, and T2 Mobile Games names. 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, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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