Benchmark Co. Reaffirms “Buy” Rating for Take-Two Interactive Software, Inc. (TTWO)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reiterated by analysts at Benchmark Co. in a note issued to investors on Saturday. They currently have a $110.00 price target on the stock, up from their prior price target of $100.00. Benchmark Co.’s price objective suggests a potential upside of 9.57% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Robert W. Baird upped their price objective on Take-Two Interactive Software from $53.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $75.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, May 25th. BidaskClub cut Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $100.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Finally, KeyCorp set a $104.00 price objective on Take-Two Interactive Software and gave the company a “buy” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $87.95.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 100.39 on Friday. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 59.26 and a beta of 0.77. The company’s 50 day moving average price is $92.79 and its 200-day moving average price is $73.92. Take-Two Interactive Software has a 52 week low of $41.70 and a 52 week high of $101.40.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $280.70 million. During the same period in the prior year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. Analysts anticipate that Take-Two Interactive Software will post $2.19 earnings per share for the current fiscal year.
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In related news, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the transaction, the chief financial officer now owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The transaction 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 stock in a transaction on 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 transaction, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock worth $7,677,331 in the last three months. 1.55% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of TTWO. FMR LLC increased its holdings in Take-Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock valued at $319,116,000 after buying an additional 2,273,553 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after buying an additional 1,781,500 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in Take-Two Interactive Software by 7,304.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after buying an additional 1,615,360 shares during the last quarter. Jackson Square Partners LLC purchased a new position in Take-Two Interactive Software in the second quarter valued at $107,799,000. Finally, State Street Corp increased its holdings in Take-Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after buying an additional 1,193,381 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.
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.
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