Take-Two Interactive Software (NASDAQ:TTWO) Lifted to Buy at HSBC

HSBC upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a buy rating in a research report released on Monday, MarketBeat.com reports. They currently have $179.00 price target on the stock.

A number of other analysts have also recently weighed in on TTWO. 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 research report on Thursday, July 11th. Oppenheimer reiterated an outperform rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Thursday, June 6th. BMO Capital Markets restated an outperform rating and issued a $185.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Finally, Benchmark reiterated a buy rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $181.81.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $144.91 on Monday. The firm’s fifty day simple moving average is $152.19 and its 200-day simple moving average is $151.33. Take-Two Interactive Software has a 12 month low of $130.34 and a 12 month high of $171.59. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of -6.59, a PEG ratio of 4.23 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.94.

Take-Two Interactive Software (NASDAQ:TTWO) last posted 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). Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Take-Two Interactive Software will post 1.05 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $10,724,591.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael Sheresky sold 218 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the sale, the director now directly owns 64,173 shares in the company, valued at approximately $10,724,591.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the 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 completion of the sale, the director now owns 21,981 shares of the company’s stock, 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 insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTWO. United Asset Strategies Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth $1,527,000. TD Asset Management Inc boosted its holdings in Take-Two Interactive Software by 269.8% in the fourth quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock valued at $79,699,000 after purchasing an additional 361,273 shares during the last quarter. Secured Retirement Advisors LLC acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at approximately $953,000. Nordea Investment Management AB increased its holdings in Take-Two Interactive Software by 3.5% during the 1st quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after purchasing an additional 24,723 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Take-Two Interactive Software by 169.7% in the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock valued at $2,142,000 after purchasing an additional 9,076 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

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.