Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday, August 9th. They currently have a $96.00 price objective on the stock, up from their previous price objective of $87.00. Stifel Nicolaus’ price target points to a potential upside of 4.27% from the stock’s previous close.
A number of other research firms have also commented on TTWO. Cowen and Company restated an “outperform” rating and set a $83.00 price objective (up previously from $79.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Robert W. Baird restated a “neutral” rating and set a $90.00 price objective (up previously from $80.00) on shares of Take-Two Interactive Software in a research note on Friday, August 4th. Zacks Investment Research upgraded Take-Two Interactive Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Credit Suisse Group reiterated a “hold” rating and issued a $73.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, July 26th. Finally, BidaskClub upgraded Take-Two Interactive Software from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $85.22.
Take-Two Interactive Software (NASDAQ TTWO) traded up 1.24% during midday trading on Wednesday, reaching $92.07. The company’s stock had a trading volume of 1,174,045 shares. Take-Two Interactive Software has a 1-year low of $40.63 and a 1-year high of $93.09. The firm has a market capitalization of $9.62 billion, a PE ratio of 54.35 and a beta of 0.83. The firm has a 50 day moving average price of $81.73 and a 200 day moving average price of $68.44.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same quarter last year, the company earned ($0.21) EPS. The company’s revenue was up 27.8% on a year-over-year basis. On average, analysts predict that Take-Two Interactive Software will post $2.16 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was published by BNB Daily and is the property of of BNB Daily. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/take-two-interactive-softwares-ttwo-buy-rating-reiterated-at-stifel-nicolaus-updated.html.
In related news, VP Daniel P. Emerson sold 5,884 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total value of $451,185.12. Following the completion of the sale, the vice president now directly owns 117,019 shares of the company’s stock, valued at approximately $8,973,016.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the completion of the sale, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,305 shares of company stock valued at $12,321,946. Corporate insiders own 1.55% of the company’s stock.
A number of hedge funds have recently modified their holdings of TTWO. William Blair Investment Management LLC raised its stake in shares of Take-Two Interactive Software by 7.8% in the first quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock worth $105,780,000 after buying an additional 129,572 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Take-Two Interactive Software by 19.6% in the second quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock worth $428,000 after buying an additional 957 shares during the last quarter. UBS Group AG raised its stake in shares of Take-Two Interactive Software by 25.5% in the first quarter. UBS Group AG now owns 87,761 shares of the company’s stock worth $5,201,000 after buying an additional 17,809 shares during the last quarter. Advantus Capital Management Inc purchased a new stake in shares of Take-Two Interactive Software during the first quarter worth approximately $770,000. Finally, Clinton Group Inc. raised its stake in shares of Take-Two Interactive Software by 865.7% in the first quarter. Clinton Group Inc. now owns 98,198 shares of the company’s stock worth $5,820,000 after buying an additional 88,029 shares during the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.