Roth Mkm Lowers Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $180.00

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) had its price objective reduced by investment analysts at Roth Mkm from $185.00 to $180.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 21.75% from the stock’s previous close.

Other analysts also recently issued reports about the company. Jefferies Financial Group dropped their price objective on Take-Two Interactive Software from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Friday. Wedbush reissued an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a report on Friday. The Goldman Sachs Group lifted their price target on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a “buy” rating in a report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Finally, Moffett Nathanson cut shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $167.00 in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.32.

Get Our Latest Research Report on TTWO

Take-Two Interactive Software Stock Up 1.2 %

Shares of NASDAQ TTWO opened at $147.84 on Friday. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The stock’s fifty day moving average is $146.50 and its 200 day moving average is $152.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $25.22 billion, a P/E ratio of -17.23, a PEG ratio of 1.27 and a beta of 0.75.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last issued its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.00%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Take-Two Interactive Software’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts forecast that Take-Two Interactive Software will post 4.26 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TTWO. Wellington Management Group LLP boosted its position in shares of Take-Two Interactive Software by 192.4% during the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock valued at $8,811,000 after purchasing an additional 41,297 shares in the last quarter. Laurion Capital Management LP bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $17,169,000. United Asset Strategies Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $1,527,000. Rheos Capital Works Inc. increased its stake in shares of Take-Two Interactive Software by 380.3% in the 4th quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock valued at $38,419,000 after acquiring an additional 189,000 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Take-Two Interactive Software by 101.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 46,513 shares of the company’s stock valued at $7,486,000 after acquiring an additional 23,433 shares during the period. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Company Profile

(Get Free Report)

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.

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