Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Wednesday, Benzinga reports. Wedbush currently has a $190.00 price target on the stock.

Other research analysts have also issued research reports about the company. Roth Mkm raised their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a buy rating in a research report on Friday, February 9th. Jefferies Financial Group began coverage on Take-Two Interactive Software in a report on Monday, April 1st. They issued a buy rating and a $195.00 target price for the company. BMO Capital Markets began coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an outperform rating and a $200.00 target price for the company. Benchmark lifted their target price on Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a buy rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating for the company in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $176.39.

Take-Two Interactive Software Stock Down 0.0 %

TTWO stock opened at $140.60 on Wednesday. Take-Two Interactive Software has a twelve month low of $119.57 and a twelve month high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The firm has a market cap of $23.98 billion, a PE ratio of -16.39, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74. The business has a 50 day moving average of $148.57 and a 200 day moving average of $152.08.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts forecast that Take-Two Interactive Software will post 0.87 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the transaction, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the transaction, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC lifted its position in shares of Take-Two Interactive Software by 110.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at about $25,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at about $26,000. MCF Advisors LLC lifted its position in shares of Take-Two Interactive Software by 1,677.8% in the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. lifted its position in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. 95.46% of the stock is currently 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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.