Cowen and Company cut shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) from an outperform rating to a market perform rating in a report published on Monday, October 9th, MarketBeat reports. The brokerage currently has $83.00 price target on the stock.
Other research analysts have also recently issued reports about the stock. KeyCorp set a $104.00 price target on shares of Take-Two Interactive Software and gave the company a buy rating in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a buy rating and issued a $96.00 target price (up from $87.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Benchmark Co. reaffirmed a buy rating and issued a $100.00 target price (up from $85.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a buy rating and issued a $108.00 target price (up from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Take-Two Interactive Software from a strong-buy rating to a buy rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $94.20.
Take-Two Interactive Software (NASDAQ TTWO) opened at 104.93 on Monday. The firm has a market cap of $10.96 billion, a P/E ratio of 61.94 and a beta of 0.78. Take-Two Interactive Software has a 1-year low of $43.33 and a 1-year high of $107.53. The stock has a 50 day moving average price of $101.51 and a 200-day moving average price of $81.80.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The company had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same period last year, the company posted ($0.21) EPS. Take-Two Interactive Software’s revenue was up 27.8% on a year-over-year basis. Equities research analysts forecast that Take-Two Interactive Software will post $2.20 EPS for the current year.
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In other news, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,465 shares of company stock valued at $7,677,331. Company insiders own 1.55% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Take-Two Interactive Software by 6.4% during the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the first quarter valued at $114,000. Smithfield Trust Co. purchased a new stake in Take-Two Interactive Software during the second quarter valued at $125,000. Crow Point Partners LLC raised its stake in Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after purchasing an additional 689 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the second quarter valued at $134,000. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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