Take-Two Interactive Software (NASDAQ:TTWO) Earns Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note released on Thursday morning, Benzinga reports. They currently have a $190.00 price objective on the stock.

TTWO has been the subject of a number of other reports. Roth Mkm increased their price objective on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a buy rating in a report on Friday, February 9th. Moffett Nathanson downgraded shares of Take-Two Interactive Software from a buy rating to a neutral rating and dropped their price objective for the company from $169.00 to $167.00 in a report on Monday, February 5th. The Goldman Sachs Group boosted their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a buy rating in a research report on Friday, January 19th. JPMorgan Chase & Co. decreased their price objective on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating on the stock in a report on Friday, February 9th. Finally, Benchmark reiterated a buy rating and set a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $177.61.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $145.88 on Thursday. The stock has a market cap of $24.89 billion, a PE ratio of -17.00, a price-to-earnings-growth ratio of 1.21 and a beta of 0.75. Take-Two Interactive Software has a 1 year low of $119.57 and a 1 year high of $171.59. The firm has a fifty day moving average price of $146.50 and a 200-day moving average price of $152.21. 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 (NASDAQ:TTWO) last issued its quarterly 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 positive return on equity of 3.03% and a negative net margin of 26.90%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Equities analysts anticipate that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $25,000. MCF Advisors LLC increased its position in shares of Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $26,000. Pin Oak Investment Advisors Inc. boosted its position in shares of Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after purchasing an additional 136 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after buying an additional 93 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

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.