Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its target price raised by Stifel Nicolaus from $105.00 to $122.00 in a research note released on Wednesday. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Benchmark Co. reiterated a buy rating and issued a $100.00 target price (up previously from $85.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. KeyCorp set a $104.00 target price on shares of Take-Two Interactive Software and gave the company a buy rating in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a buy rating and issued a $108.00 target price (up previously from $91.00) on shares of Take-Two Interactive Software in a report on Thursday, August 3rd. Cowen and Company reiterated a buy rating and issued a $79.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, July 11th. Finally, MKM Partners restated a buy rating and issued a $97.00 price target (up previously from $86.00) on shares of Take-Two Interactive Software in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $96.30.

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

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In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Dornemann sold 7,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.80, for a total transaction of $614,600.00. Following the completion of the sale, the director now directly owns 9,394 shares in the company, valued at approximately $824,793.20. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock worth $7,677,331 in the last ninety days. Insiders own 1.55% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dupont Capital Management Corp purchased a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $102,000. Smithfield Trust Co. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $125,000. Crow Point Partners LLC lifted its stake in shares of Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares during the period. Fortaleza Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $134,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $183,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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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