Take-Two Interactive Software, Inc. (TTWO) Earns Hold Rating from Credit Suisse Group
Credit Suisse Group reissued their hold rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report report published on Wednesday. They currently have a $73.00 price target on the stock.
A number of other equities analysts also recently commented on TTWO. Zacks Investment Research upgraded Take-Two Interactive Software from a hold rating to a strong-buy rating and set a $68.00 price objective on the stock in a report on Thursday, April 6th. Oppenheimer Holdings, Inc. restated an outperform rating and issued a $75.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, April 20th. Benchmark Co. restated a buy rating on shares of Take-Two Interactive Software in a report on Monday, April 24th. Pacific Crest restated an overweight rating and issued a $74.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, April 26th. Finally, Stifel Nicolaus restated a buy rating and issued a $74.00 price objective (up from $64.00) on shares of Take-Two Interactive Software in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $73.29.
Take-Two Interactive Software (NASDAQ TTWO) opened at 80.10 on Wednesday. Take-Two Interactive Software has a 52-week low of $40.00 and a 52-week high of $82.79. The firm has a 50-day moving average price of $75.45 and a 200 day moving average price of $64.69. The firm has a market capitalization of $7.88 billion, a P/E ratio of 112.03 and a beta of 0.82.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $407.20 million for the quarter, compared to the consensus estimate of $354.10 million. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Analysts forecast that Take-Two Interactive Software will post $1.68 EPS for the current year.
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In other Take-Two Interactive Software news, VP Daniel P. Emerson sold 5,884 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total transaction of $451,185.12. Following the completion of the sale, the vice president now owns 117,019 shares in the company, valued at approximately $8,973,016.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 516 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $39,566.88. Following the sale, the director now owns 67,733 shares of the company’s stock, valued at approximately $5,193,766.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,840 shares of company stock valued at $4,644,614. 2.50% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the first quarter worth $114,000. Crow Point Partners LLC raised its stake in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after buying an additional 689 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of Take-Two Interactive Software by 5,168.8% in the first quarter. Salem Investment Counselors Inc. now owns 4,900 shares of the company’s stock worth $162,000 after buying an additional 4,807 shares during the period. Finally, Neuburgh Advisers LLC raised its stake in shares of Take-Two Interactive Software by 23.2% in the first quarter. Neuburgh Advisers LLC now owns 2,976 shares of the company’s stock worth $176,000 after buying an additional 560 shares during the period. Hedge funds and other institutional investors own 99.80% 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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