Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating restated by equities research analysts at Benchmark Co. in a research report issued on Wednesday. They currently have a $100.00 price objective on the stock, up from their previous price objective of $85.00. Benchmark Co.’s price target would indicate a potential upside of 9.27% from the stock’s current price.

TTWO has been the topic of a number of other reports. Credit Suisse Group restated a “hold” rating and issued a $71.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, May 25th. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price target on shares of Take-Two Interactive Software in a research note on Monday, July 10th. Cowen and Company reiterated a “buy” rating and set a $79.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and set a $108.00 price target (up from $91.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $100.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $81.44.

Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at 91.52 on Wednesday. Take-Two Interactive Software has a one year low of $40.63 and a one year high of $92.22. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 53.87 and a beta of 0.83. The stock’s 50 day moving average is $76.69 and its 200-day moving average is $65.73.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same period last year, the business earned ($0.21) EPS. The company’s revenue was up 27.8% on a year-over-year basis. On average, equities research analysts predict that Take-Two Interactive Software will post $2.10 EPS for the current fiscal year.

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In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 50,000 shares of Take-Two Interactive Software stock in a transaction 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 document filed with the SEC, which is available through this link. Also, VP Daniel P. Emerson sold 5,884 shares of Take-Two Interactive Software stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total transaction of $451,185.12. Following the completion of the transaction, the vice president now 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 90 days, insiders sold 146,840 shares of company stock worth $12,280,114. 1.55% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Take-Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock valued at $319,116,000 after buying an additional 2,273,553 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in shares of 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 valued at $22,315,000 after buying an additional 1,615,360 shares during the last quarter. State Street Corp increased its stake in shares of 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 valued at $184,699,000 after buying an additional 1,193,381 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 valued at $490,586,000 after buying an additional 916,573 shares during the last quarter. Finally, Asturias Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at $29,956,000. 97.30% 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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