Take-Two Interactive Software’s (TTWO) Outperform Rating Reaffirmed at Oppenheimer

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer in a note issued to investors on Tuesday, Benzinga reports. They currently have a $185.00 target price on the stock. Oppenheimer’s price target would indicate a potential upside of 32.18% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Wedbush reiterated an “outperform” rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, April 17th. Roth Mkm boosted their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Take-Two Interactive Software in a report on Friday. Finally, Jefferies Financial Group began coverage on Take-Two Interactive Software in a research report on Monday, April 1st. They issued a “buy” rating and a $195.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $177.61.

Take-Two Interactive Software Trading Down 0.5 %

Shares of NASDAQ:TTWO opened at $139.96 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. Take-Two Interactive Software has a 1 year low of $119.57 and a 1 year high of $171.59. The company has a market cap of $23.88 billion, a P/E ratio of -16.31, a PEG ratio of 1.20 and a beta of 0.74. The stock’s fifty day moving average price is $148.27 and its 200-day moving average price is $152.27.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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 negative net margin of 26.90% and a positive return on equity of 3.03%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sell-side analysts expect that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Activity

In other news, Director Michael Sheresky sold 260 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HB Wealth Management LLC grew its position in shares of Take-Two Interactive Software by 28.8% during the 3rd quarter. HB Wealth Management LLC now owns 1,811 shares of the company’s stock worth $254,000 after buying an additional 405 shares in the last quarter. Park Place Capital Corp raised its holdings in shares of Take-Two Interactive Software by 24.5% in the 3rd quarter. Park Place Capital Corp now owns 777 shares of the company’s stock valued at $109,000 after purchasing an additional 153 shares in the last quarter. Caprock Group LLC lifted its position in shares of Take-Two Interactive Software by 19.2% in the 3rd quarter. Caprock Group LLC now owns 3,040 shares of the company’s stock worth $427,000 after purchasing an additional 490 shares during the period. Oak Thistle LLC boosted its stake in shares of Take-Two Interactive Software by 119.9% during the third quarter. Oak Thistle LLC now owns 4,861 shares of the company’s stock valued at $682,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Czech National Bank increased its holdings in Take-Two Interactive Software by 47.1% during the third quarter. Czech National Bank now owns 27,605 shares of the company’s stock valued at $3,875,000 after buying an additional 8,838 shares during the period. Institutional investors own 95.46% 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, 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.