BidaskClub cut shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from a strong-buy rating to a buy rating in a report issued on Friday, BidAskClub reports.

TTWO has been the subject of a number of other research reports. Stephens set a $110.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a report on Tuesday, March 26th. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating and set a $104.00 price target for the company in a report on Friday, February 15th. BMO Capital Markets lifted their price target on TAKE-TWO INTERACTIVE SOFTWARE to $95.00 and gave the stock an underperform rating in a report on Friday, May 17th. They noted that the move was a valuation call. Piper Jaffray Companies reduced their price target on TAKE-TWO INTERACTIVE SOFTWARE from $119.00 to $114.00 and set an overweight rating for the company in a report on Tuesday, May 14th. Finally, Buckingham Research reduced their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a buy rating for the company in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of Buy and a consensus target price of $126.90.

TAKE-TWO INTERACTIVE SOFTWARE stock opened at $110.36 on Friday. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $84.41 and a 52 week high of $139.91. The stock has a market cap of $12.42 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 3.42 and a beta of 0.83.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The business had revenue of $488.40 million for the quarter, compared to the consensus estimate of $500.86 million. During the same quarter in the previous year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 2.89 EPS for the current fiscal year.

In other news, CEO Strauss Zelnick sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total transaction of $2,718,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 169,849 shares of company stock valued at $16,344,296. Corporate insiders own 1.07% of the company’s stock.

Several large investors have recently modified their holdings of TTWO. Phocas Financial Corp. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $26,000. Synovus Financial Corp raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the fourth quarter. Synovus Financial Corp now owns 260 shares of the company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. CSat Investment Advisory L.P. raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the first quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock valued at $32,000 after buying an additional 133 shares in the last quarter. Exane Derivatives acquired a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the first quarter valued at approximately $37,000. Finally, First Hawaiian Bank raised its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 46.7% in the first quarter. First Hawaiian Bank now owns 440 shares of the company’s stock valued at $42,000 after buying an additional 140 shares in the last quarter. Institutional investors own 93.83% 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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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