TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $102.39, but opened at $104.72. TAKE-TWO INTERACTIVE SOFTWARE shares last traded at $106.84, with a volume of 2069024 shares changing hands.

A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Bank of America upped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Stifel Nicolaus upped their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Sanford C. Bernstein assumed coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 price objective for the company. Finally, Wedbush set a $132.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE presently has an average rating of “Buy” and an average target price of $144.53.

The stock has a market capitalization of $12.07 billion, a PE ratio of 61.05, a P/E/G ratio of 2.02 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The firm had revenue of $583.42 million during the quarter, compared to analysts’ expectations of $549.87 million. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.07 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Paul E. Viera purchased 73,896 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was purchased at an average cost of $133.94 per share, for a total transaction of $9,897,630.24. Following the transaction, the director now owns 926 shares in the company, valued at approximately $124,028.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Viera purchased 75,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was acquired at an average price of $133.93 per share, with a total value of $10,044,750.00. Following the completion of the transaction, the director now owns 926 shares in the company, valued at approximately $124,019.18. The disclosure for this purchase can be found here. Corporate insiders own 1.07% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 553.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 24,059 shares of the company’s stock valued at $626,000 after acquiring an additional 20,377 shares during the period. White Elm Capital LLC acquired a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at approximately $4,498,000. Raymond James & Associates increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 4.4% in the 2nd quarter. Raymond James & Associates now owns 29,739 shares of the company’s stock valued at $3,520,000 after acquiring an additional 1,253 shares during the period. USS Investment Management Ltd increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 15.6% in the 3rd quarter. USS Investment Management Ltd now owns 1,275,820 shares of the company’s stock valued at $176,044,000 after acquiring an additional 172,218 shares during the period. Finally, Oakbrook Investments LLC increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 38.9% in the 3rd quarter. Oakbrook Investments LLC now owns 10,972 shares of the company’s stock valued at $1,514,000 after acquiring an additional 3,075 shares during the period. Hedge funds and other institutional investors own 92.76% of the company’s stock.

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About TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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