Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Average Recommendation of “Moderate Buy” by Brokerages

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $183.55.

A number of equities research analysts have commented on the stock. Redburn Atlantic started coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 11th. HSBC raised Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, Bank of America reaffirmed a “buy” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $152.45 on Tuesday. The stock has a market capitalization of $26.13 billion, a P/E ratio of -6.94, a price-to-earnings-growth ratio of 4.57 and a beta of 0.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software has a 1 year low of $130.34 and a 1 year high of $171.59. The firm has a 50 day moving average of $151.74 and a 200-day moving average of $151.05.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.09. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. As a group, sell-side analysts anticipate that Take-Two Interactive Software will post 1.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently modified their holdings of TTWO. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company’s stock worth $2,809,561,000 after purchasing an additional 156,563 shares in the last quarter. Capital World Investors increased its position in shares of Take-Two Interactive Software by 2.1% during the first quarter. Capital World Investors now owns 7,240,503 shares of the company’s stock worth $1,075,142,000 after acquiring an additional 151,135 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Take-Two Interactive Software by 4.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company’s stock worth $737,684,000 after acquiring an additional 192,774 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Take-Two Interactive Software by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after acquiring an additional 666,198 shares during the period. Finally, Boston Partners lifted its position in Take-Two Interactive Software by 1.8% in the 1st quarter. Boston Partners now owns 2,697,648 shares of the company’s stock valued at $400,379,000 after acquiring an additional 48,909 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.