BidaskClub Upgrades Take-Two Interactive Software (TTWO) to Strong-Buy
BidaskClub upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a buy rating to a strong-buy rating in a research note released on Saturday morning.
A number of other analysts have also issued reports on TTWO. Benchmark reiterated a buy rating and set a $110.00 price target (up from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. Buckingham Research started coverage on shares of Take-Two Interactive Software in a research note on Wednesday, September 20th. They set a buy rating and a $120.00 price target on the stock. Oppenheimer reissued a buy rating and set a $112.00 price objective (up from $93.00) on shares of Take-Two Interactive Software in a research report on Monday, September 25th. Barclays started coverage on Take-Two Interactive Software in a research report on Wednesday, October 4th. They set an overweight rating and a $115.00 price objective for the company. Finally, Cowen downgraded Take-Two Interactive Software from an outperform rating to a market perform rating and set a $83.00 price objective for the company. in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $114.23.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at $117.30 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33. The stock has a market cap of $13,380.00, a PE ratio of 107.61, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80. Take-Two Interactive Software has a one year low of $50.51 and a one year high of $120.62.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.22. Take-Two Interactive Software had a net margin of 6.58% and a return on equity of 27.10%. sell-side analysts anticipate that Take-Two Interactive Software will post 2.24 EPS for the current fiscal year.
In other Take-Two Interactive Software news, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $115.54, for a total value of $3,466,200.00. Following the completion of the sale, the chief financial officer now owns 351,019 shares in the company, valued at $40,556,735.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $118.50, for a total value of $651,750.00. Following the completion of the sale, the director now owns 4,777 shares of the company’s stock, valued at approximately $566,074.50. The disclosure for this sale can be found here. Insiders sold 66,504 shares of company stock valued at $7,729,606 over the last ninety days. 1.55% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Dupont Capital Management Corp purchased a new stake in Take-Two Interactive Software in the third quarter valued at approximately $102,000. Invictus RG lifted its stake in Take-Two Interactive Software by 1,188.8% in the third quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after buying an additional 951 shares during the last quarter. Pittenger & Anderson Inc. lifted its stake in Take-Two Interactive Software by 124.1% in the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock valued at $166,000 after buying an additional 900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Take-Two Interactive Software by 233.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,693 shares of the company’s stock valued at $173,000 after buying an additional 1,186 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Take-Two Interactive Software by 1,088.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,712 shares of the company’s stock valued at $175,000 after buying an additional 1,568 shares during the last quarter. Institutional investors own 91.15% of the company’s stock.
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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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