TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) PT Raised to $130.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target increased by research analysts at Stephens from $110.00 to $130.00 in a report released on Thursday, The Fly reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price target would indicate a potential downside of 7.48% from the stock’s previous close.

TTWO has been the subject of several other research reports. Wedbush reissued a “buy” rating and issued a $131.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Monday, May 18th. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Bank of America reissued a “buy” rating and issued a $140.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, February 5th. BNP Paribas raised TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 price target for the company in a research note on Monday, March 2nd. Finally, Exane BNP Paribas raised TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 price target for the company in a research note on Monday, March 2nd. Twelve investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and an average target price of $140.44.

NASDAQ:TTWO opened at $140.51 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.71 and a quick ratio of 1.63. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $100.00 and a fifty-two week high of $149.28. The stock’s 50-day moving average is $125.95 and its two-hundred day moving average is $121.09. The stock has a market cap of $15.67 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 4.86 and a beta of 0.56.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Wednesday, May 20th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.60. The company had revenue of $729.42 million for the quarter, compared to analysts’ expectations of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.22% and a net margin of 13.09%. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. On average, equities research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 earnings per share for the current year.

In other news, CFO Lainie Goldstein sold 16,933 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $135.01, for a total transaction of $2,286,124.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,665 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $118.97, for a total value of $25,776,635.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 260,474 shares of company stock valued at $31,648,198. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Capital Square LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the first quarter valued at $25,000. Heritage Wealth Advisors acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter valued at $27,000. Assetmark Inc. raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 287.7% in the fourth quarter. Assetmark Inc. now owns 221 shares of the company’s stock valued at $27,000 after purchasing an additional 164 shares in the last quarter. BDO Wealth Advisors LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 666.7% in the first quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Finally, Ameritas Investment Company LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the first quarter valued at $30,000. Institutional investors own 88.80% 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. 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.

Featured Article: What are the components of an earnings report?

The Fly

Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.