Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $176.39 Average PT from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been assigned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $176.39.

Several equities analysts have recently issued reports on the company. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. The Goldman Sachs Group raised their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. cut their target price on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Moffett Nathanson lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their target price for the stock from $169.00 to $167.00 in a research report on Monday, February 5th. Finally, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $139.96 on Friday. The stock has a 50-day simple moving average of $148.27 and a 200-day simple moving average of $152.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $23.88 billion, a PE ratio of -16.31, a PEG ratio of 1.20 and a beta of 0.74. Take-Two Interactive Software has a 1 year low of $119.57 and a 1 year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. On average, analysts predict that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction that occurred on 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 in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in shares of Take-Two Interactive Software by 192.4% in the third quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock valued at $8,811,000 after buying an additional 41,297 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Take-Two Interactive Software during the third quarter worth $17,169,000. United Asset Strategies Inc. purchased a new stake in Take-Two Interactive Software during the fourth quarter worth $1,527,000. Rheos Capital Works Inc. boosted its position in Take-Two Interactive Software by 380.3% during the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock worth $38,419,000 after purchasing an additional 189,000 shares in the last quarter. Finally, Caxton Associates LP boosted its position in Take-Two Interactive Software by 4,029.8% during the third quarter. Caxton Associates LP now owns 70,000 shares of the company’s stock worth $9,827,000 after purchasing an additional 68,305 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Company Profile

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.