Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) had its price target upped by research analysts at Stifel Nicolaus from $127.00 to $150.00 in a research note issued to investors on Tuesday, The Fly reports. Stifel Nicolaus’ price objective would indicate a potential upside of 22.81% from the company’s previous close.
A number of other research analysts also recently commented on TTWO. MKM Partners dropped their price target on Take-Two Interactive Software from $140.00 to $130.00 in a research note on Tuesday, February 7th. The benchmark reaffirmed a “buy” rating and issued a $120.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, April 6th. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Barclays boosted their price target on Take-Two Interactive Software from $130.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, April 13th. Finally, BNP Paribas downgraded Take-Two Interactive Software from an “outperform” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.88.
Take-Two Interactive Software Stock Up 0.4 %
TTWO opened at $122.14 on Tuesday. Take-Two Interactive Software has a fifty-two week low of $90.00 and a fifty-two week high of $137.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $20.60 billion, a P/E ratio of -54.04, a P/E/G ratio of 2.17 and a beta of 0.69. The stock has a fifty day moving average of $118.24 and a 200-day moving average of $111.24.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its earnings results on Monday, February 6th. The company reported earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($1.79). Take-Two Interactive Software has a positive return on equity of 4.37% and a negative net margin of 8.35%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $1.13 EPS. The firm’s quarterly revenue was up 59.6% compared to the same quarter last year. On average, equity analysts expect that Take-Two Interactive Software will post 1.81 EPS for the current year.
Insider Activity at Take-Two Interactive Software
In related news, President Karl Slatoff sold 68,351 shares of the stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $122.12, for a total value of $8,347,024.12. Following the completion of the sale, the president now directly owns 262,678 shares of the company’s stock, valued at approximately $32,078,237.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.13% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in Take-Two Interactive Software by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the company’s stock worth $1,229,000 after purchasing an additional 100 shares during the period. Crossmark Global Holdings Inc. grew its stake in Take-Two Interactive Software by 1.6% in the third quarter. Crossmark Global Holdings Inc. now owns 6,305 shares of the company’s stock worth $687,000 after purchasing an additional 102 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Take-Two Interactive Software by 82.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 236 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the period. OLD National Bancorp IN grew its stake in Take-Two Interactive Software by 2.9% in the first quarter. OLD National Bancorp IN now owns 3,861 shares of the company’s stock worth $461,000 after purchasing an additional 108 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in Take-Two Interactive Software by 0.3% in the third quarter. Mutual of America Capital Management LLC now owns 38,920 shares of the company’s stock worth $4,242,000 after purchasing an additional 119 shares during the period. Institutional investors own 87.72% of the company’s stock.
Take-Two Interactive Software Company Profile
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Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.
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