Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Price Target Raised to $93.00 at Oppenheimer Holdings, Inc.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price target increased by Oppenheimer Holdings, Inc. from $85.00 to $93.00 in a research note issued to investors on Thursday. They currently have an outperform rating on the stock.
Several other analysts have also weighed in on the company. KeyCorp set a $104.00 target price on Take-Two Interactive Software and gave the company a buy rating in a report on Thursday. Stifel Nicolaus reissued a buy rating and issued a $96.00 target price (up previously from $87.00) on shares of Take-Two Interactive Software in a report on Thursday. Piper Jaffray Companies reissued an overweight rating and issued a $100.00 target price on shares of Take-Two Interactive Software in a report on Thursday. Zacks Investment Research raised Take-Two Interactive Software from a strong sell rating to a hold rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group reaffirmed a hold rating and set a $73.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Take-Two Interactive Software presently has a consensus rating of Buy and a consensus price target of $81.44.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded down 1.55% during midday trading on Thursday, reaching $87.71. 3,212,307 shares of the company’s stock traded hands. Take-Two Interactive Software has a 52 week low of $40.63 and a 52 week high of $89.91. The company has a market capitalization of $9.28 billion, a PE ratio of 51.62 and a beta of 0.83. The stock’s 50 day moving average is $75.75 and its 200-day moving average is $65.30.
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. The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. Take-Two Interactive Software’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) earnings per share. On average, analysts forecast that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.
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In other Take-Two Interactive Software news, VP Daniel P. Emerson sold 18,440 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $76.21, for a total value of $1,405,312.40. Following the sale, the vice president now directly owns 135,088 shares of the company’s stock, valued at approximately $10,295,056.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Daniel P. Emerson sold 5,884 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total value of $451,185.12. Following the completion of the sale, the vice president now directly owns 117,019 shares in the company, valued at $8,973,016.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,840 shares of company stock worth $4,644,614. 1.55% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 12.5% in the first quarter. Vanguard Group Inc. now owns 8,277,144 shares of the company’s stock worth $490,586,000 after buying an additional 916,573 shares during the period. FMR LLC increased its position in Take-Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock worth $319,116,000 after buying an additional 2,273,553 shares during the period. State Street Corp increased its position in Take-Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock worth $184,699,000 after buying an additional 1,193,381 shares during the period. William Blair Investment Management LLC increased its position in Take-Two Interactive Software by 7.8% in the first quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock worth $105,780,000 after buying an additional 129,572 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in Take-Two Interactive Software by 7,304.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock worth $22,315,000 after buying an additional 1,615,360 shares during the period. Institutional investors own 99.74% of the company’s stock.
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.
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