Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse Group in a note issued to investors on Wednesday. They presently have a $73.00 target price on the stock. Credit Suisse Group’s target price points to a potential downside of 20.24% from the stock’s current price.

TTWO has been the topic of a number of other reports. Piper Jaffray Companies increased their price target on shares of Take-Two Interactive Software from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Zacks Investment Research downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $74.00 price target (up from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $75.00 target price on shares of Take-Two Interactive Software in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $84.28.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 91.52 on Wednesday. The company has a 50 day moving average of $76.69 and a 200-day moving average of $65.73. Take-Two Interactive Software has a 12-month low of $40.63 and a 12-month high of $92.22. The company has a market capitalization of $9.69 billion, a P/E ratio of 53.87 and a beta of 0.83.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. Take-Two Interactive Software’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS. On average, equities analysts anticipate that Take-Two Interactive Software will post $2.10 EPS for the current fiscal year.

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In other news, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 516 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total transaction of $39,566.88. Following the completion of the sale, the director now owns 67,733 shares in the company, valued at $5,193,766.44. The disclosure for this sale can be found here. Insiders sold 146,840 shares of company stock worth $12,280,114 over the last quarter. 1.55% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its position in Take-Two Interactive Software by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 42,900 shares of the company’s stock valued at $2,115,000 after buying an additional 7,600 shares in the last quarter. Bank of Montreal Can boosted its position in Take-Two Interactive Software by 190.0% in the first quarter. Bank of Montreal Can now owns 122,298 shares of the company’s stock valued at $7,248,000 after buying an additional 80,128 shares in the last quarter. Barometer Capital Management Inc. boosted its position in Take-Two Interactive Software by 22.8% in the first quarter. Barometer Capital Management Inc. now owns 125,600 shares of the company’s stock valued at $7,444,000 after buying an additional 23,300 shares in the last quarter. Columbus Circle Investors boosted its position in Take-Two Interactive Software by 71.0% in the first quarter. Columbus Circle Investors now owns 1,011,013 shares of the company’s stock valued at $59,923,000 after buying an additional 419,949 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new position in Take-Two Interactive Software during the first quarter valued at $433,000. Institutional investors own 97.30% 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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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