Wedbush Reaffirms 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 report issued on Monday, Benzinga reports. Wedbush currently has a $190.00 price objective on the stock.

Several other equities research analysts also recently issued reports on TTWO. Roth Mkm decreased their price target on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating for the company in a report on Friday, May 17th. Robert W. Baird lowered their target price on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an outperform rating for the company in a report on Monday, May 20th. Bank of America upgraded shares of Take-Two Interactive Software from a neutral rating to a buy rating and boosted their price target for the stock from $160.00 to $185.00 in a report on Thursday, May 23rd. Jefferies Financial Group increased their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a buy rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. upped their target price on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $178.30.

Take-Two Interactive Software Stock Down 3.2 %

Take-Two Interactive Software stock opened at $135.67 on Monday. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of -6.17, a price-to-earnings-growth ratio of 4.20 and a beta of 0.84. The firm’s fifty day moving average price is $154.12 and its two-hundred day moving average price is $152.11. Take-Two Interactive Software has a 1-year low of $130.34 and a 1-year high of $171.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($17.09). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. Take-Two Interactive Software’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, equities research analysts predict that Take-Two Interactive Software will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Michael Sheresky sold 218 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately $10,724,591.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the completion of the transaction, the director now owns 21,981 shares of the company’s stock, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the company. United Asset Strategies Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter valued at $1,527,000. TD Asset Management Inc grew its holdings in shares of Take-Two Interactive Software by 269.8% during the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after purchasing an additional 361,273 shares in the last quarter. Secured Retirement Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $953,000. Nordea Investment Management AB increased its position in shares of Take-Two Interactive Software by 3.5% in the first quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after purchasing an additional 24,723 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Take-Two Interactive Software by 169.7% in the first quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock valued at $2,142,000 after purchasing an additional 9,076 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Company Profile

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.