HSBC Upgrades Take-Two Interactive Software (NASDAQ:TTWO) to Buy

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports. The firm currently has a $179.00 target price on the stock. HSBC’s target price would indicate a potential upside of 23.55% from the company’s current price.

Several other research firms also recently commented on TTWO. Oppenheimer reissued an “outperform” rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, April 23rd. 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 research report on Thursday, May 23rd. Wedbush restated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 5th. Robert W. Baird reduced their price target on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 20th. Finally, Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Take-Two Interactive Software in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.81.

Take-Two Interactive Software Price Performance

TTWO stock opened at $144.88 on Monday. Take-Two Interactive Software has a one year low of $130.34 and a one year high of $171.59. The company’s fifty day moving average price is $152.64 and its 200-day moving average price is $151.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.94 and a current ratio of 0.90. The company has a market capitalization of $25.39 billion, a PE ratio of -6.59, a price-to-earnings-growth ratio of 4.23 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm posted $0.47 EPS. Take-Two Interactive Software’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Take-Two Interactive Software will post 1.05 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

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

Institutional Trading of Take-Two Interactive Software

Hedge funds have recently added to or reduced their stakes in the business. United Asset Strategies Inc. purchased a new stake in Take-Two Interactive Software in the fourth quarter worth about $1,527,000. TD Asset Management Inc lifted its position 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 valued at $79,699,000 after buying an additional 361,273 shares during the last quarter. Secured Retirement Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $953,000. Nordea Investment Management AB lifted its position in shares of Take-Two Interactive Software by 3.5% during the first quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock valued at $109,182,000 after buying an additional 24,723 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Take-Two Interactive Software by 169.7% during the first quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock valued at $2,142,000 after buying an additional 9,076 shares during the last quarter. 95.46% of the stock is 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.