Take-Two Interactive Software, Inc. to Post Q3 2018 Earnings of $0.67 Per Share, Oppenheimer Holdings Forecasts (TTWO)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) – Investment analysts at Oppenheimer Holdings lowered their Q3 2018 earnings estimates for Take-Two Interactive Software in a research note issued on Tuesday. Oppenheimer Holdings analyst A. Uerkwitz now forecasts that the company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.68. Oppenheimer Holdings has a “Outperform” rating and a $135.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Take-Two Interactive Software’s Q4 2018 earnings at $0.27 EPS.
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A number of other research analysts also recently commented on the company. CIBC reaffirmed an “outperform” rating and issued a $135.00 price target (up previously from $112.00) on shares of Take-Two Interactive Software in a research note on Tuesday. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $135.00 price target (up previously from $122.00) on shares of Take-Two Interactive Software in a research note on Thursday, November 9th. TheStreet downgraded Take-Two Interactive Software from a “b” rating to a “c+” rating in a research note on Tuesday, November 7th. Finally, Barclays PLC boosted their price target on Take-Two Interactive Software from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $112.90.
Take-Two Interactive Software (NASDAQ TTWO) traded down $1.08 during mid-day trading on Wednesday, reaching $117.94. The company had a trading volume of 1,341,700 shares, compared to its average volume of 1,884,317. The firm has a market capitalization of $13,574.60, a P/E ratio of 46.49, a PEG ratio of 3.45 and a beta of 0.82. Take-Two Interactive Software has a fifty-two week low of $46.27 and a fifty-two week high of $120.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33.
In other news, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $118.50, for a total transaction of $651,750.00. Following the sale, the director now directly owns 4,777 shares in the company, valued at $566,074.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $116.49, for a total value of $3,611,655.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,504 shares of company stock worth $7,729,606. Company insiders own 1.55% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new stake in shares of Take-Two Interactive Software during the third quarter worth about $102,000. Invictus RG grew its holdings in shares of Take-Two Interactive Software by 1,188.8% during the third quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after purchasing an additional 951 shares during the last quarter. Smithfield Trust Co. bought a new stake in shares of Take-Two Interactive Software during the second quarter worth about $125,000. Fortaleza Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software during the second quarter worth about $134,000. Finally, Pittenger & Anderson Inc. grew its holdings in shares of Take-Two Interactive Software by 124.1% during the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.
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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