Investment Analysts’ Weekly Ratings Updates for Take-Two Interactive Software (TTWO)

Several brokerages have updated their recommendations and price targets on shares of Take-Two Interactive Software (NASDAQ: TTWO) in the last few weeks:

• 4/19/2024 – Take-Two Interactive Software had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $200.00 price target on the stock.
• 4/17/2024 – Take-Two Interactive Software had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $190.00 price target on the stock.
• 4/8/2024 – Take-Two Interactive Software was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $200.00 price target on the stock, up previously from $170.00.
• 4/1/2024 – Take-Two Interactive Software had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $175.00 price target on the stock.
• 4/1/2024 – Take-Two Interactive Software is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $195.00 price target on the stock.

Take-Two Interactive Software Stock Down 0.4 %

Take-Two Interactive Software stock traded down $0.60 during midday trading on Monday, hitting $140.00. 308,491 shares of the company were exchanged, compared to its average volume of 1,658,699. The company’s fifty day moving average price is $148.57 and its 200-day moving average price is $152.27. The company has a market cap of $23.88 billion, a PE ratio of -16.32, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. Take-Two Interactive Software, Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity

In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock valued at $3,020,116,000 after buying an additional 259,149 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Take-Two Interactive Software by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock valued at $662,690,000 after purchasing an additional 84,633 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock valued at $755,165,000 after purchasing an additional 521,456 shares during the last quarter. Boston Partners lifted its holdings in shares of Take-Two Interactive Software by 10.5% during the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock valued at $405,792,000 after purchasing an additional 275,368 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at $350,811,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.