Robert W. Baird Cuts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $172.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective lowered by Robert W. Baird from $173.00 to $172.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on TTWO. Jefferies Financial Group dropped their price target on shares of Take-Two Interactive Software from $195.00 to $175.00 and set a buy rating for the company in a research note on Friday, May 17th. HSBC downgraded Take-Two Interactive Software from a buy rating to a hold rating and set a $154.00 target price on the stock. in a report on Friday, May 17th. Citigroup raised Take-Two Interactive Software from a neutral rating to a buy rating and increased their price target for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Stifel Nicolaus restated a buy rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Finally, Roth Mkm reduced their target price on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating on the stock in a report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $176.13.

Take-Two Interactive Software Stock Down 0.5 %

Shares of TTWO opened at $150.61 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.94. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of -6.85, a PEG ratio of 1.53 and a beta of 0.75. The stock has a fifty day moving average of $146.85 and a 200-day moving average of $153.11.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. Take-Two Interactive Software’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Take-Two Interactive Software will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Take-Two Interactive Software news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at approximately $3,324,626.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the stock in a transaction dated 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 owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Large investors have recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $14,653,000. Virtu Financial LLC grew its holdings in shares of Take-Two Interactive Software by 11.6% during the first quarter. Virtu Financial LLC now owns 9,564 shares of the company’s stock worth $1,420,000 after purchasing an additional 992 shares in the last quarter. Wahed Invest LLC increased its holdings in shares of Take-Two Interactive Software by 15.4% in the 1st quarter. Wahed Invest LLC now owns 3,246 shares of the company’s stock worth $482,000 after buying an additional 432 shares during the last quarter. Advisory Resource Group bought a new position in Take-Two Interactive Software in the first quarter valued at $267,000. Finally, LBP AM SA raised its holdings in shares of Take-Two Interactive Software by 72.9% during the 1st quarter. LBP AM SA now owns 5,211 shares of the company’s stock valued at $774,000 after buying an additional 2,197 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.