Take-Two Interactive Software’s (TTWO) Outperform Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Wednesday, Benzinga reports. Wedbush currently has a $190.00 target price on the stock.

A number of other brokerages also recently issued reports on TTWO. Stifel Nicolaus reiterated a buy rating and set a $175.00 price target on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Citigroup upgraded Take-Two Interactive Software from a neutral rating to a buy rating and increased their price target for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Jefferies Financial Group initiated coverage on Take-Two Interactive Software in a research report on Monday, April 1st. They set a buy rating and a $195.00 price target on the stock. Benchmark raised their target price on Take-Two Interactive Software from $164.00 to $200.00 and gave the company a buy rating in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $176.39.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $143.16 on Wednesday. The business’s 50 day moving average is $149.44 and its two-hundred day moving average is $152.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software has a 12-month low of $119.57 and a 12-month high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, equities analysts expect that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now directly owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Cary Street Partners Investment Advisory LLC increased its stake in Take-Two Interactive Software by 110.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after acquiring an additional 93 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $25,000. MCF Advisors LLC grew its stake in shares of Take-Two Interactive Software by 1,677.8% in the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $26,000. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 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.