Take-Two Interactive Software’s (TTWO) Neutral Rating Reiterated at Credit Suisse Group
Credit Suisse Group restated their neutral rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a report issued on Wednesday morning. The brokerage currently has a $116.00 target price on the stock, up from their previous target price of $95.00.
A number of other brokerages have also recently issued reports on TTWO. Benchmark Co. reaffirmed a buy rating and issued a $100.00 price objective (up previously from $85.00) on shares of Take-Two Interactive Software in a research note on Thursday, August 3rd. Piper Jaffray Companies reissued a buy rating and set a $125.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday. Stifel Nicolaus reissued a buy rating and set a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Buckingham Research increased their price target on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the company a buy rating in a research report on Wednesday. Finally, Cowen and Company cut shares of Take-Two Interactive Software from an outperform rating to a market perform rating and set a $83.00 target price for the company. in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Take-Two Interactive Software currently has a consensus rating of Buy and a consensus price target of $110.15.
Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up $0.52 during trading on Wednesday, hitting $115.68. 2,089,700 shares of the stock were exchanged, compared to its average volume of 1,922,798. Take-Two Interactive Software has a 12 month low of $46.05 and a 12 month high of $120.62. The stock has a market cap of $13,193.65, a PE ratio of 45.19, a price-to-earnings-growth ratio of 4.91 and a beta of 0.82. The company has a quick ratio of 1.43, a current ratio of 1.33 and a debt-to-equity ratio of 0.04.
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In related news, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $89.96, for a total value of $41,831.40. Following the transaction, the director now owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.55% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dupont Capital Management Corp purchased a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $102,000. Smithfield Trust Co. purchased a new position in Take-Two Interactive Software during the second quarter valued at approximately $125,000. Crow Point Partners LLC lifted its holdings in Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after purchasing an additional 689 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in Take-Two Interactive Software during the second quarter valued at approximately $134,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in Take-Two Interactive Software by 1,088.9% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock valued at $175,000 after purchasing an additional 1,568 shares in the last quarter. 97.39% of the stock is currently owned by institutional investors.
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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