TAKE-TWO INTERACTIVE SOFTWARE (TTWO) PT Set at $150.00 by Wedbush

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) has been assigned a $150.00 price objective by equities researchers at Wedbush in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price target suggests a potential upside of 32.68% from the stock’s previous close.

Several other research analysts also recently issued reports on the stock. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Bank of America raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Sanford C. Bernstein initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $116.00 to $119.00 and gave the stock a “market perform” rating in a research report on Monday, August 6th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of “Buy” and a consensus target price of $144.94.

Shares of NASDAQ TTWO traded down $6.09 during mid-day trading on Thursday, reaching $113.05. The company had a trading volume of 6,326,405 shares, compared to its average volume of 2,677,848. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $92.81 and a 52-week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Wednesday, November 7th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 19.13%. The firm had revenue of $583.42 million for the quarter, compared to the consensus estimate of $549.87 million. During the same period last year, the firm posted $1.09 EPS. The company’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current year.

In other news, Director Michael Sheresky sold 295 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $129.07, for a total value of $38,075.65. Following the sale, the director now owns 69,168 shares of the company’s stock, valued at $8,927,513.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel P. Emerson sold 13,268 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total transaction of $1,640,322.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,463 shares of company stock worth $4,664,100. Insiders own 1.07% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1.2% in the third quarter. BlackRock Inc. now owns 8,032,109 shares of the company’s stock valued at $1,108,350,000 after purchasing an additional 94,743 shares during the period. FMR LLC lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 35.1% in the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock valued at $491,927,000 after purchasing an additional 926,316 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 2,606,777 shares of the company’s stock valued at $359,708,000 after purchasing an additional 203,912 shares during the period. Macquarie Group Ltd. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 3.9% in the second quarter. Macquarie Group Ltd. now owns 1,925,576 shares of the company’s stock valued at $227,911,000 after purchasing an additional 72,090 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% in the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock valued at $219,007,000 after purchasing an additional 575,392 shares during the period. 93.93% 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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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