BidaskClub upgraded shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

Other analysts also recently issued research reports about the stock. Benchmark Co. reaffirmed a buy rating and set a $85.00 target price (up previously from $77.00) on shares of Take-Two Interactive Software in a report on Wednesday, May 24th. MKM Partners reaffirmed a buy rating and set a $80.00 target price (up previously from $63.00) on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a buy rating and set a $65.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Stifel Nicolaus reaffirmed a buy rating and set a $74.00 target price (up previously from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. Finally, Bank of America Corporation lifted their target price on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a buy rating in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software currently has an average rating of Buy and a consensus target price of $73.29.

Take-Two Interactive Software (TTWO) traded up 0.49% during midday trading on Tuesday, hitting $80.10. 1,502,769 shares of the company traded hands. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 112.03 and a beta of 0.82. Take-Two Interactive Software has a 12-month low of $40.00 and a 12-month high of $82.79. The stock’s 50-day moving average price is $75.45 and its 200 day moving average price is $64.69.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.57 by $0.08. The business had revenue of $407.20 million during the quarter, compared to the consensus estimate of $354.10 million. Take-Two Interactive Software had a net margin of 3.70% and a return on equity of 22.89%. Take-Two Interactive Software’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, equities analysts forecast that Take-Two Interactive Software will post $1.68 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Rating Upgraded by BidaskClub” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/take-two-interactive-software-inc-nasdaqttwo-stock-rating-upgraded-by-bidaskclub/1461514.html.

In other news, VP Daniel P. Emerson sold 18,440 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $76.21, for a total value of $1,405,312.40. Following the completion of the transaction, the vice president now directly owns 135,088 shares in the company, valued at approximately $10,295,056.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $78.53, for a total transaction of $2,748,550.00. The disclosure for this sale can be found here. Insiders sold a total of 59,840 shares of company stock valued at $4,644,614 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $32,888,000. Quadrature Capital Ltd boosted its position in Take-Two Interactive Software by 16.8% in the fourth quarter. Quadrature Capital Ltd now owns 29,902 shares of the company’s stock worth $1,474,000 after buying an additional 4,309 shares in the last quarter. Teachers Advisors LLC boosted its position in Take-Two Interactive Software by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 632,517 shares of the company’s stock worth $31,177,000 after buying an additional 29,588 shares in the last quarter. Macquarie Group Ltd. boosted its position in Take-Two Interactive Software by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 42,900 shares of the company’s stock worth $2,115,000 after buying an additional 7,600 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Take-Two Interactive Software by 190.0% in the first quarter. Bank of Montreal Can now owns 122,298 shares of the company’s stock worth $7,248,000 after buying an additional 80,128 shares in the last quarter. Institutional investors own 99.80% of the company’s stock.

About Take-Two Interactive Software

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.