Take-Two Interactive Software’s (TTWO) Buy Rating Reiterated at Stifel Nicolaus

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.

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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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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