Take-Two Interactive Software (NASDAQ:TTWO) Receives Buy Rating from Benchmark

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a note issued to investors on Friday, Benzinga reports. They presently have a $200.00 price objective on the stock. Benchmark’s price objective suggests a potential upside of 42.34% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Roth Mkm boosted their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Jefferies Financial Group started coverage on Take-Two Interactive Software in a report on Monday, April 1st. They issued a “buy” rating and a $195.00 price target for the company. Wedbush reiterated an “outperform” rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday. Citigroup upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and boosted their price target for the company from $170.00 to $200.00 in a report on Monday, April 8th. Finally, The Goldman Sachs Group upped their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, January 19th. One 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 stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Moderate Buy” and a consensus target price of $176.39.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO traded down $0.13 on Friday, reaching $140.51. 290,946 shares of the company’s stock traded hands, compared to its average volume of 1,646,739. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $148.86 and a 200-day simple moving average of $152.07. The firm has a market cap of $23.97 billion, a PE ratio of -16.36, a P/E/G ratio of 1.22 and a beta of 0.74. Take-Two Interactive Software has a 12 month low of $119.57 and a 12 month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities research analysts forecast that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 260 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TTWO. Vanguard Group Inc. raised its position in shares of Take-Two Interactive Software by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock valued at $3,020,116,000 after buying an additional 259,149 shares during the period. BlackRock Inc. raised its position in shares of Take-Two Interactive Software by 1.5% during the 1st quarter. BlackRock Inc. now owns 12,311,580 shares of the company’s stock valued at $1,468,771,000 after buying an additional 182,016 shares during the period. State Street Corp raised its position in Take-Two Interactive Software by 2.8% in the first quarter. State Street Corp now owns 7,016,407 shares of the company’s stock valued at $836,988,000 after purchasing an additional 192,805 shares during the period. Ameriprise Financial Inc. raised its position in Take-Two Interactive Software by 1.8% in the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock valued at $662,690,000 after purchasing an additional 84,633 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 12.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock valued at $755,165,000 after purchasing an additional 521,456 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.