Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Reaffirmed by Benchmark

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a report released on Friday, Benzinga reports. They presently have a $200.00 target price on the stock. Benchmark’s target price would indicate a potential upside of 38.10% from the company’s current price.

Several other analysts have also recently issued reports on TTWO. Roth Mkm reduced their price target on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Oppenheimer reissued an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. HSBC cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price target on the stock. in a research report on Friday, May 17th. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $180.62.

Take-Two Interactive Software Trading Up 4.4 %

NASDAQ TTWO traded up $6.04 during trading hours on Friday, reaching $144.82. The company had a trading volume of 3,996,275 shares, compared to its average volume of 1,676,631. The stock has a 50-day moving average of $153.39 and a 200 day moving average of $151.79. Take-Two Interactive Software has a 1-year low of $130.34 and a 1-year high of $171.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $24.82 billion, a P/E ratio of -6.59, a price-to-earnings-growth ratio of 4.09 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, research analysts anticipate that Take-Two Interactive Software will post 1.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction that occurred on 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 owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction that occurred on 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 owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction that occurred on 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 in the company, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTWO. ORG Partners LLC boosted its position in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares in the last quarter. MCF Advisors LLC boosted its position in Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the fourth quarter worth $26,000. Pin Oak Investment Advisors Inc. boosted its position in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.