TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective hoisted by research analysts at Piper Sandler from $141.00 to $146.00 in a research report issued on Thursday, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 3.91% from the company’s current price.
TTWO has been the topic of several other research reports. Zacks Investment Research lowered TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Wednesday, May 13th. Bank of America reaffirmed a “buy” rating and set a $140.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, February 5th. Exane BNP Paribas raised TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 price target on the stock in a research note on Monday, March 2nd. SunTrust Banks dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $133.00 to $129.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Nomura Securities dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of “Buy” and an average price target of $140.44.
Shares of TAKE-TWO INTERACTIVE SOFTWARE stock opened at $140.51 on Thursday. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $100.00 and a one year high of $149.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.71 and a quick ratio of 1.63. The stock’s 50-day moving average is $125.95 and its 200 day moving average is $121.09. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 4.86 and a beta of 0.56.
TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $0.90 by $0.60. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.22% and a net margin of 13.09%. The company had revenue of $729.42 million for the quarter, compared to analyst estimates of $585.27 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, sell-side analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 EPS for the current fiscal year.
In related news, insider Daniel P. Emerson sold 405 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $119.88, for a total transaction of $48,551.40. Following the completion of the sale, the insider now directly owns 49,925 shares of the company’s stock, valued at $5,985,009. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lainie Goldstein sold 16,933 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $135.01, for a total value of $2,286,124.33. The disclosure for this sale can be found here. Insiders have sold 260,474 shares of company stock valued at $31,648,198 over the last ninety days. 1.20% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of TTWO. Melvin Capital Management LP increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 207.5% during the first quarter. Melvin Capital Management LP now owns 3,382,830 shares of the company’s stock valued at $401,237,000 after acquiring an additional 2,282,830 shares during the last quarter. AJO LP increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4,731.5% during the fourth quarter. AJO LP now owns 1,395,230 shares of the company’s stock valued at $170,817,000 after acquiring an additional 1,366,352 shares during the last quarter. Norges Bank purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter valued at approximately $141,296,000. Morgan Stanley increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 297.7% during the first quarter. Morgan Stanley now owns 1,454,161 shares of the company’s stock valued at $172,478,000 after acquiring an additional 1,088,556 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 663.2% during the fourth quarter. Prudential Financial Inc. now owns 797,603 shares of the company’s stock valued at $97,650,000 after acquiring an additional 693,100 shares during the last quarter. 88.80% of the stock is owned by institutional investors.
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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