Take-Two Interactive Software (NASDAQ:TTWO) PT Raised to $185.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by Morgan Stanley from $175.00 to $185.00 in a report published on Tuesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on TTWO. Robert W. Baird decreased their price objective on Take-Two Interactive Software from $173.00 to $172.00 and set an outperform rating for the company in a report on Monday, May 20th. Roth Mkm decreased their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating for the company in a report on Friday, May 17th. Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock a buy rating in a report on Thursday, July 11th. Citigroup upgraded Take-Two Interactive Software from a neutral rating to a buy rating and raised their price target for the company from $170.00 to $200.00 in a report on Monday, April 8th. Finally, Bank of America upgraded Take-Two Interactive Software from a neutral rating to a buy rating and raised their price target for the company from $160.00 to $185.00 in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $178.96.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $150.75 on Tuesday. The stock has a fifty day moving average of $155.62 and a 200 day moving average of $153.08. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The firm has a market capitalization of $25.83 billion, a price-to-earnings ratio of -6.86, a PEG ratio of 4.89 and a beta of 0.84. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. Take-Two Interactive Software’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. As a group, research analysts expect that Take-Two Interactive Software will post 0.96 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BLB&B Advisors LLC raised its stake in Take-Two Interactive Software by 3.9% during the 2nd quarter. BLB&B Advisors LLC now owns 52,745 shares of the company’s stock valued at $8,201,000 after purchasing an additional 1,986 shares during the period. Verdence Capital Advisors LLC raised its stake in Take-Two Interactive Software by 3.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 17,269 shares of the company’s stock valued at $2,685,000 after purchasing an additional 610 shares during the period. Highland Capital Management LLC raised its stake in Take-Two Interactive Software by 2.4% during the 2nd quarter. Highland Capital Management LLC now owns 47,181 shares of the company’s stock valued at $7,336,000 after purchasing an additional 1,085 shares during the period. Moody Lynn & Lieberson LLC raised its stake in Take-Two Interactive Software by 6.8% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 3,988 shares of the company’s stock valued at $620,000 after purchasing an additional 255 shares during the period. Finally, Family Firm Inc. bought a new stake in Take-Two Interactive Software during the 2nd quarter valued at approximately $50,000. 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.