Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Wedbush

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

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Benchmark upped their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Robert W. Baird upped their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Hsbc Global Res upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $188.05.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $177.90 on Thursday. The company has a market cap of $31.18 billion, a P/E ratio of -8.41, a P/E/G ratio of 5.09 and a beta of 0.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $180.53. The business has a fifty day simple moving average of $156.75 and a 200-day simple moving average of $153.79.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 0.49% and a negative net margin of 66.38%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Equities research analysts forecast that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the sale, the director now owns 64,378 shares of the company’s stock, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Take-Two Interactive Software by 6.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,108 shares of the company’s stock valued at $18,154,000 after acquiring an additional 7,006 shares in the last quarter. Commerce Bank increased its stake in shares of Take-Two Interactive Software by 2.1% during the 3rd quarter. Commerce Bank now owns 24,928 shares of the company’s stock worth $3,832,000 after purchasing an additional 514 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Take-Two Interactive Software by 5.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,622 shares of the company’s stock worth $249,000 after purchasing an additional 91 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Take-Two Interactive Software by 7.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,649 shares of the company’s stock worth $3,328,000 after purchasing an additional 1,413 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Take-Two Interactive Software during the 3rd quarter worth about $1,700,000. 95.46% of the stock is owned by institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.