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

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price lifted by research analysts at Barclays from $138.00 to $150.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 6.75% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Bank of America reiterated a “buy” rating and set a $140.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Wedbush reiterated a “buy” rating and set a $131.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Monday, May 18th. SunTrust Banks dropped their price objective on shares of 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, Piper Sandler raised their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $141.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday. Twelve 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 company. TAKE-TWO INTERACTIVE SOFTWARE has a consensus rating of “Buy” and an average price target of $140.44.

Shares of NASDAQ:TTWO opened at $140.51 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.63 and a current ratio of 1.71. The firm’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 one year low of $100.00 and a one year high of $149.28. The firm 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 quarterly earnings data on Wednesday, May 20th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $729.42 million for the quarter, compared to the consensus estimate of $585.27 million. During the same period last year, the firm earned $0.78 earnings per share. The company’s quarterly revenue was up 49.3% on a year-over-year basis. Equities research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 EPS for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 216,665 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lainie Goldstein sold 16,933 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 260,474 shares of company stock valued at $31,648,198. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. FDx Advisors Inc. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth $106,000. Fred Alger Management LLC raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 60.9% during the first quarter. Fred Alger Management LLC now owns 87,917 shares of the company’s stock worth $10,428,000 after purchasing an additional 33,282 shares during the last quarter. Melvin Capital Management LP raised its holdings 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 worth $401,237,000 after purchasing an additional 2,282,830 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth $69,000. Finally, Scopus Asset Management L.P. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth $22,773,000. 88.80% of the stock is owned by hedge funds and other 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.

Further Reading: Limitations of the P/E Growth ratio

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

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