Take-Two Interactive Software Inc. (NASDAQ:TTWO) saw unusually-high trading volume on Wednesday . Approximately 2,185,580 shares were traded during trading, an increase of 44% from the previous session’s volume of 1,515,553 shares.The stock last traded at $40.14 and had previously closed at $41.34.

TTWO has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, April 26th. They set an “outperform” rating on the stock. Mizuho restated a “buy” rating and set a $40.00 price objective (down previously from $41.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 19th. Jefferies Group restated a “buy” rating and set a $45.00 price objective (down previously from $48.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 19th. Piper Jaffray Cos. restated a “buy” rating and set a $40.00 price objective (up previously from $39.00) on shares of Take-Two Interactive Software in a research report on Saturday, May 14th. Finally, TheStreet upgraded shares of Take-Two Interactive Software to a “buy” rating in a research report on Thursday, May 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.58.

The firm’s 50 day moving average price is $38.38 and its 200 day moving average price is $35.96. The company’s market cap is $3.20 billion.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, May 18th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.20. During the same quarter in the prior year, the company posted $0.49 EPS. The company had revenue of $342.50 million for the quarter, compared to the consensus estimate of $303.95 million. Take-Two Interactive Software’s revenue was down 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Take-Two Interactive Software Inc. will post $1.29 earnings per share for the current fiscal year.

In related news, President Karl Slatoff sold 368,168 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $36.37, for a total transaction of $13,390,270.16. Following the sale, the president now owns 20,440 shares of the company’s stock, valued at $743,402.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 325,550 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $36.37, for a total transaction of $11,840,253.50. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in TTWO. Russell Frank Co increased its stake in Take-Two Interactive Software by 56.5% in the fourth quarter. Russell Frank Co now owns 331,723 shares of the company’s stock worth $11,779,000 after buying an additional 119,716 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Take-Two Interactive Software by 11.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 78,730 shares of the company’s stock worth $2,743,000 after buying an additional 8,202 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Take-Two Interactive Software during the fourth quarter worth about $1,224,000. California State Teachers Retirement System increased its stake in Take-Two Interactive Software by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 156,783 shares of the company’s stock worth $5,462,000 after buying an additional 2,356 shares during the last quarter. Finally, Swiss National Bank increased its stake in Take-Two Interactive Software by 0.9% in the fourth quarter. Swiss National Bank now owns 116,400 shares of the company’s stock worth $4,055,000 after buying an additional 1,000 shares during the last quarter.

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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