Take-Two Interactive Software (NASDAQ:TTWO) Upgraded at Arete

Arete upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat Ratings reports. They currently have $284.00 target price on the stock.

TTWO has been the topic of a number of other reports. Raymond James Financial raised their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. Wall Street Zen cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Finally, Wedbush lifted their price target on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.65.

Take-Two Interactive Software Trading Down 0.8%

Shares of TTWO stock opened at $244.95 on Monday. Take-Two Interactive Software has a fifty-two week low of $177.35 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average is $249.98 and its two-hundred day moving average is $240.16. The firm has a market capitalization of $45.26 billion, a P/E ratio of -10.84, a PEG ratio of 3.98 and a beta of 0.96.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.08) earnings per share. Research analysts expect that Take-Two Interactive Software will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the completion of the sale, the director directly owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $235.95, for a total transaction of $97,683.30. Following the sale, the director directly owned 2,716 shares in the company, valued at approximately $640,840.20. The trade was a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,421 shares of company stock worth $349,042 in the last ninety days. 1.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its position in Take-Two Interactive Software by 25.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,696 shares of the company’s stock valued at $766,000 after buying an additional 750 shares during the last quarter. Jefferies Financial Group Inc. lifted its stake in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Jefferies Financial Group Inc. now owns 5,443 shares of the company’s stock worth $1,128,000 after acquiring an additional 1,715 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Take-Two Interactive Software by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 23,829 shares of the company’s stock valued at $4,939,000 after acquiring an additional 2,946 shares in the last quarter. Argent Trust Co increased its stake in shares of Take-Two Interactive Software by 14.6% during the first quarter. Argent Trust Co now owns 14,141 shares of the company’s stock worth $2,931,000 after acquiring an additional 1,803 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Take-Two Interactive Software during the first quarter worth about $62,000. Hedge funds and other 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. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.