Take-Two Interactive Software (NASDAQ:TTWO) Rating Increased to Strong-Buy at Hsbc Global Res

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.

TTWO has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Morgan Stanley raised their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Roth Mkm reduced their price objective on Take-Two Interactive Software from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a report on Friday, August 9th. Finally, Jefferies Financial Group lifted their target price on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $181.81.

Take-Two Interactive Software Stock Down 1.6 %

Shares of Take-Two Interactive Software stock opened at $144.88 on Monday. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of -6.59, a PEG ratio of 4.23 and a beta of 0.84. Take-Two Interactive Software has a twelve month low of $130.34 and a twelve month high of $171.59. The company has a current ratio of 0.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $152.64 and its 200-day simple moving average is $151.38.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. Take-Two Interactive Software’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share. Equities research analysts forecast that Take-Two Interactive Software will post 1.05 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

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 shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the transaction, the director now owns 64,173 shares in the company, valued at $10,724,591.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software 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 completion of 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. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. International Assets Investment Management LLC grew its holdings in shares of Take-Two Interactive Software by 14,929.1% during the fourth quarter. International Assets Investment Management LLC now owns 45,388 shares of the company’s stock valued at $7,305,000 after buying an additional 45,086 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 86.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,162 shares of the company’s stock valued at $509,000 after purchasing an additional 1,462 shares during the period. Cerity Partners LLC increased its holdings in shares of Take-Two Interactive Software by 35.3% in the 4th quarter. Cerity Partners LLC now owns 2,390 shares of the company’s stock valued at $385,000 after purchasing an additional 623 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Take-Two Interactive Software by 2.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 421,485 shares of the company’s stock worth $67,838,000 after purchasing an additional 9,724 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Take-Two Interactive Software by 9.9% during the fourth quarter. Vontobel Holding Ltd. now owns 56,151 shares of the company’s stock worth $9,038,000 after purchasing an additional 5,054 shares during the period. Institutional investors and hedge funds 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.