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

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have received a consensus rating of “Buy” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $187.21.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Benchmark increased their price objective on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price target on the stock. Stifel Nicolaus lifted their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th.

Take-Two Interactive Software Stock Up 0.7 %

Shares of Take-Two Interactive Software stock opened at $164.03 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. Take-Two Interactive Software has a 52-week low of $132.17 and a 52-week high of $171.59. The company’s 50 day moving average price is $155.84 and its 200-day moving average price is $153.00. The stock has a market capitalization of $28.75 billion, a price-to-earnings ratio of -7.36, a P/E/G ratio of 5.00 and a beta of 0.85.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations 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%. Equities research analysts forecast that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now directly owns 64,378 shares in the company, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently modified their holdings of TTWO. Norden Group LLC lifted its position in Take-Two Interactive Software by 120.9% in the first quarter. Norden Group LLC now owns 5,044 shares of the company’s stock worth $749,000 after buying an additional 2,761 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Take-Two Interactive Software in the 1st quarter worth about $47,000. Mutual of America Capital Management LLC boosted its stake in shares of Take-Two Interactive Software by 1.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 39,373 shares of the company’s stock worth $5,846,000 after purchasing an additional 542 shares during the period. Whittier Trust Co. grew its holdings in Take-Two Interactive Software by 148.6% during the 1st quarter. Whittier Trust Co. now owns 542 shares of the company’s stock valued at $80,000 after purchasing an additional 324 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Take-Two Interactive Software by 42.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,319 shares of the company’s stock worth $790,000 after purchasing an additional 1,572 shares during the period. 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.