TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) PT Raised to $120.00 at BMO Capital Markets

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TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective lifted by equities researchers at BMO Capital Markets to $120.00 in a report issued on Tuesday, The Fly reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 1.64% from the company’s current price.

Several other research analysts have also weighed in on TTWO. Piper Jaffray Companies reiterated a “buy” rating on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, September 18th. Oppenheimer increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $145.00 in a research report on Wednesday, September 11th. Morgan Stanley increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Barclays reiterated a “buy” rating and issued a $142.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 22nd. Finally, Wedbush reiterated a “buy” rating and issued a $144.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of “Buy” and a consensus target price of $132.74.

NASDAQ:TTWO traded down $1.59 during trading hours on Tuesday, hitting $118.06. 20,228 shares of the stock were exchanged, compared to its average volume of 1,333,812. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $135.70. The firm’s fifty day moving average price is $122.11 and its 200 day moving average price is $117.70. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05. The company has a market cap of $13.24 billion, a P/E ratio of 30.38, a P/E/G ratio of 4.35 and a beta of 0.72.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.78. The company had revenue of $950.50 million during the quarter, compared to analyst estimates of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 62.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. Equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 EPS for the current fiscal year.

In other news, insider Daniel P. Emerson sold 4,500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total value of $570,465.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,883,660 shares of the company’s stock valued at $1,349,152,000 after acquiring an additional 158,269 shares in the last quarter. Invesco Ltd. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 11.2% in the second quarter. Invesco Ltd. now owns 4,656,054 shares of the company’s stock valued at $528,602,000 after buying an additional 467,758 shares in the last quarter. JPMorgan Chase & Co. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 10.8% in the second quarter. JPMorgan Chase & Co. now owns 4,099,298 shares of the company’s stock valued at $464,820,000 after buying an additional 399,633 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 21.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,075,167 shares of the company’s stock valued at $385,441,000 after buying an additional 538,535 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 0.3% in the second quarter. Waddell & Reed Financial Inc. now owns 2,048,180 shares of the company’s stock valued at $232,530,000 after buying an additional 6,912 shares in the last quarter. Institutional investors and hedge funds own 93.15% 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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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