Wedbush Reiterates Outperform Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Wedbush reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report released on Thursday morning, Benzinga reports. They currently have a $190.00 price objective on the stock.

A number of other research firms also recently commented on TTWO. BMO Capital Markets assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an outperform rating and a $200.00 target price on the stock. Wells Fargo & Company increased their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an overweight rating in a research report on Thursday, February 1st. Benchmark restated a buy rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday, April 19th. Jefferies Financial Group started coverage on Take-Two Interactive Software in a report on Monday, April 1st. They set a buy rating and a $195.00 target price for the company. Finally, Roth Mkm increased their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software has an average rating of Moderate Buy and a consensus target price of $177.61.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $145.88 on Thursday. Take-Two Interactive Software has a 52-week low of $121.72 and a 52-week high of $171.59. The firm has a market capitalization of $24.89 billion, a PE ratio of -17.00, a P/E/G ratio of 1.21 and a beta of 0.75. The firm has a 50-day moving average price of $146.50 and a 200 day moving average price of $152.28. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

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

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, President Karl Slatoff sold 90,851 shares of the company’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 sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently modified their holdings of TTWO. CVA Family Office LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth $25,000. MCF Advisors LLC grew its holdings in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Take-Two Interactive Software in the 4th quarter worth approximately $26,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted 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 during the period. Institutional investors own 95.46% of the company’s stock.

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.