TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective raised by Morgan Stanley from $145.00 to $150.00 in a report released on Thursday morning. They currently have an overweight rating on the stock.

Several other equities analysts have also recently issued reports on TTWO. Barclays set a $144.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a buy rating in a report on Thursday. BidaskClub cut TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a report on Tuesday, July 31st. Jefferies Financial Group upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $155.00 and gave the stock a buy rating in a report on Thursday. Credit Suisse Group upped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $137.00 and gave the stock a neutral rating in a report on Thursday. Finally, Wedbush set a $150.00 price target on TAKE-TWO INTERACTIVE SOFTWARE and gave the stock an outperform rating in a report on Friday, August 3rd. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $144.94.

Shares of TTWO stock traded down $6.09 on Thursday, hitting $113.05. The company had a trading volume of 6,326,405 shares, compared to its average volume of 2,922,293. The stock has a market cap of $13.56 billion, a PE ratio of 64.60, a price-to-earnings-growth ratio of 2.38 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $92.81 and a twelve month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.16. The business had revenue of $583.42 million during the quarter, compared to analysts’ expectations of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.08% and a net margin of 11.76%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. As a group, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.05 EPS for the current year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total transaction of $1,640,322.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 295 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $129.07, for a total value of $38,075.65. Following the sale, the director now owns 69,168 shares of the company’s stock, valued at $8,927,513.76. The disclosure for this sale can be found here. Insiders sold a total of 36,463 shares of company stock valued at $4,664,100 in the last ninety days. 1.07% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of TTWO. American Century Companies Inc. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at approximately $136,745,000. FMR LLC grew its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 35.1% in the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock valued at $491,927,000 after purchasing an additional 926,316 shares in the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the third quarter valued at approximately $91,225,000. Point72 Asset Management L.P. grew its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% in the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock valued at $219,007,000 after purchasing an additional 575,392 shares in the last quarter. Finally, FIL Ltd grew its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2,484.7% in the third quarter. FIL Ltd now owns 446,794 shares of the company’s stock valued at $61,653,000 after purchasing an additional 429,508 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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