BMO Capital Markets Reaffirms Outperform Rating for Take-Two Interactive Software (NASDAQ:TTWO)

BMO Capital Markets reissued their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report issued on Tuesday, Benzinga reports. They currently have a $185.00 price objective on the stock.

TTWO has been the subject of several other research reports. Wedbush reaffirmed an outperform rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, May 17th. JPMorgan Chase & Co. lifted their price objective on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, June 6th. Citigroup raised shares of Take-Two Interactive Software from a neutral rating to a buy rating and lifted their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an overweight rating in a research report on Tuesday, July 23rd. Finally, Roth Mkm cut their target price on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating for the company in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of Moderate Buy and a consensus target price of $178.30.

Take-Two Interactive Software Trading Down 1.6 %

Take-Two Interactive Software stock opened at $143.68 on Tuesday. The company’s fifty day simple moving average is $155.24 and its 200-day simple moving average is $152.65. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software has a 12 month low of $130.34 and a 12 month high of $171.59. The stock has a market cap of $25.18 billion, a P/E ratio of -6.54, a P/E/G ratio of 4.93 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly 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 2.19%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Take-Two Interactive Software will post 0.94 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now directly owns 21,981 shares in the company, valued at approximately $3,324,626.25. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

Large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC grew its stake in Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter worth about $26,000. Pin Oak Investment Advisors Inc. grew its stake in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after buying an additional 136 shares during the last quarter. ORG Partners LLC grew its stake in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock worth $25,000 after buying an additional 166 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after buying an additional 143 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

About Take-Two Interactive Software

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.