BMO Capital Markets reaffirmed their buy rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research note published on Friday morning. BMO Capital Markets currently has a $100.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus reaffirmed a buy rating and issued a $105.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, October 12th. Cowen and Company cut Take-Two Interactive Software from an outperform rating to a market perform rating and set a $83.00 price target on the stock. in a research note on Monday, October 9th. Barclays PLC began coverage on Take-Two Interactive Software in a research note on Wednesday, October 4th. They issued an overweight rating and a $115.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $112.00 price target (up from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. Finally, Buckingham Research began coverage on Take-Two Interactive Software in a research note on Wednesday, September 20th. They issued a buy rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Take-Two Interactive Software currently has an average rating of Buy and an average target price of $92.95.

Take-Two Interactive Software (NASDAQ:TTWO) opened at 104.78 on Friday. The company has a 50 day moving average price of $100.51 and a 200-day moving average price of $80.48. Take-Two Interactive Software has a one year low of $42.65 and a one year high of $107.53. The company has a market capitalization of $10.95 billion, a PE ratio of 61.85 and a beta of 0.78.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm had revenue of $348.30 million for the quarter, compared to analysts’ expectations of $280.70 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. Analysts expect that Take-Two Interactive Software will post $2.21 EPS for the current fiscal year.

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In other news, CEO Strauss Zelnick sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the transaction, the chief financial officer now directly owns 409,019 shares in the company, valued at $35,862,785.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,465 shares of company stock worth $7,677,331. Corporate insiders own 1.55% of the company’s stock.

Several large investors have recently made changes to their positions in TTWO. Janney Montgomery Scott LLC lifted its holdings in Take-Two Interactive Software by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock valued at $715,000 after acquiring an additional 39 shares during the period. Cigna Investments Inc. New lifted its holdings in Take-Two Interactive Software by 1.3% in the second quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock valued at $291,000 after acquiring an additional 52 shares during the period. J.P. Marvel Investment Advisors LLC lifted its holdings in Take-Two Interactive Software by 0.3% in the second quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock valued at $1,553,000 after acquiring an additional 63 shares during the period. Fifth Third Bancorp lifted its holdings in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after acquiring an additional 101 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in Take-Two Interactive Software by 1.8% in the second quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock valued at $528,000 after acquiring an additional 129 shares during the period. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

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)

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