Take-Two Interactive Software (NASDAQ:TTWO) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Cowen reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $277.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, October 8th. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price on the stock in a research report on Monday, December 1st. Finally, Wedbush lifted their price target on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $267.57.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $243.76 on Wednesday. The firm has a market capitalization of $45.04 billion, a price-to-earnings ratio of -10.81, a PEG ratio of 3.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day simple moving average of $245.92 and a 200-day simple moving average of $243.63. Take-Two Interactive Software has a 1 year low of $179.61 and a 1 year high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.08) EPS. Equities analysts forecast that Take-Two Interactive Software will post 0.97 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director owned 2,716 shares of the company’s stock, valued at approximately $640,840.20. The trade was a 13.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Take-Two Interactive Software by 21.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock valued at $72,317,000 after buying an additional 52,524 shares during the last quarter. Ninety One UK Ltd boosted its stake in Take-Two Interactive Software by 22.8% in the second quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock valued at $437,514,000 after acquiring an additional 334,946 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Take-Two Interactive Software by 79.2% during the second quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock worth $547,000 after purchasing an additional 995 shares during the last quarter. Swiss National Bank increased its position in shares of Take-Two Interactive Software by 7.9% during the second quarter. Swiss National Bank now owns 534,308 shares of the company’s stock worth $129,757,000 after purchasing an additional 38,900 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $731,047,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.