TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) PT Raised to $150.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price lifted by equities research analysts at Robert W. Baird from $135.00 to $150.00 in a report issued on Thursday, The Fly reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 6.75% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Exane BNP Paribas upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 target price on the stock in a research report on Monday, March 2nd. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. BNP Paribas upgraded shares of 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 report on Monday, March 2nd. Cowen boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $139.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Benchmark boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the stock a “buy” rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $140.44.

Shares of NASDAQ TTWO opened at $140.51 on Thursday. The company’s 50-day simple moving average is $125.95 and its 200-day simple moving average is $121.09. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $100.00 and a 52-week high of $149.28. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 4.86 and a beta of 0.56. The company has a quick ratio of 1.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.06.

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

In other news, CEO Strauss Zelnick sold 216,665 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $118.97, for a total value of $25,776,635.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Lainie Goldstein sold 23,067 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $135.00, for a total transaction of $3,114,045.00. The disclosure for this sale can be found here. Insiders sold a total of 260,474 shares of company stock worth $31,648,198 over the last three months. Insiders own 1.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Standard Life Aberdeen plc raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 48.1% in the 4th quarter. Standard Life Aberdeen plc now owns 87,438 shares of the company’s stock valued at $10,705,000 after acquiring an additional 28,393 shares during the period. K.J. Harrison & Partners Inc raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 3.6% in the 4th quarter. K.J. Harrison & Partners Inc now owns 4,300 shares of the company’s stock valued at $526,000 after acquiring an additional 150 shares during the period. Advisor Partners LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4.4% in the 4th quarter. Advisor Partners LLC now owns 2,792 shares of the company’s stock valued at $353,000 after acquiring an additional 118 shares during the period. Arizona State Retirement System increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 0.6% during the 4th quarter. Arizona State Retirement System now owns 21,252 shares of the company’s stock worth $2,602,000 after buying an additional 119 shares during the period. Finally, American International Group Inc. increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 4.8% during the 4th quarter. American International Group Inc. now owns 47,101 shares of the company’s stock worth $5,767,000 after buying an additional 2,172 shares during the period. 88.80% 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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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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