Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) was downgraded by research equities analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat.com reports. They presently have a $120.00 target price on the stock. BNP Paribas’ price target indicates a potential downside of 1.65% from the company’s previous close.
Several other equity research analysts have also recently issued reports on TTWO. MKM Partners decreased their target price on shares of Take-Two Interactive Software from $140.00 to $130.00 in a research report on Tuesday, February 7th. Wedbush dropped their price target on shares of Take-Two Interactive Software from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, February 7th. DZ Bank lowered shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Tuesday, February 14th. The benchmark reiterated a “buy” rating and set a $120.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, April 6th. Finally, Bank of America upped their price objective on shares of Take-Two Interactive Software from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.48.
Take-Two Interactive Software Stock Up 1.9 %
Shares of NASDAQ:TTWO opened at $122.01 on Wednesday. Take-Two Interactive Software has a 1-year low of $90.00 and a 1-year high of $140.69. The stock has a market cap of $20.58 billion, a P/E ratio of -53.99, a P/E/G ratio of 2.17 and a beta of 0.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a fifty day moving average price of $114.71 and a 200 day moving average price of $110.39.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last posted its earnings results on Monday, February 6th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.88 by ($1.79). The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Take-Two Interactive Software has a negative net margin of 8.35% and a positive return on equity of 4.37%. The business’s revenue was up 59.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. Sell-side analysts predict that Take-Two Interactive Software will post 1.7 EPS for the current year.
Hedge Funds Weigh In On Take-Two Interactive Software
Institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC grew its position in shares of Take-Two Interactive Software by 7.2% in the 3rd quarter. MML Investors Services LLC now owns 16,234 shares of the company’s stock valued at $1,770,000 after purchasing an additional 1,096 shares during the period. Putnam Investments LLC bought a new stake in Take-Two Interactive Software in the 3rd quarter valued at approximately $8,867,000. Treasurer of the State of North Carolina lifted its stake in Take-Two Interactive Software by 13.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 92,031 shares of the company’s stock valued at $10,031,000 after acquiring an additional 10,860 shares in the last quarter. Fiera Capital Corp lifted its stake in Take-Two Interactive Software by 8.0% in the 3rd quarter. Fiera Capital Corp now owns 25,797 shares of the company’s stock valued at $2,812,000 after acquiring an additional 1,900 shares in the last quarter. Finally, OLD National Bancorp IN lifted its stake in Take-Two Interactive Software by 139.6% in the 3rd quarter. OLD National Bancorp IN now owns 4,219 shares of the company’s stock valued at $460,000 after acquiring an additional 2,458 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.
Take-Two Interactive Software Company Profile
(Get Rating)
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.
Featured Stories
Receive News & Ratings for Take-Two Interactive Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Take-Two Interactive Software and related companies with MarketBeat.com’s FREE daily email newsletter.
