Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Has Average Price Target of $289.95 According to Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been given a consensus rating of “Moderate Buy” by the twenty-four analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $286.57.

Several analysts have recently commented on the stock. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Bank of America lowered their target price on shares of Take-Two Interactive Software from $368.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. JPMorgan Chase & Co. initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target on the stock. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, BTIG Research reduced their price objective on shares of Take-Two Interactive Software from $313.00 to $262.00 and set a “buy” rating for the company in a research report on Wednesday.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $213.36 on Friday. The stock has a fifty day moving average price of $207.89 and a 200 day moving average price of $219.25. Take-Two Interactive Software has a 1-year low of $183.86 and a 1-year high of $265.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $39.89 billion, a PE ratio of -123.33, a P/E/G ratio of 1.55 and a beta of 0.93.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. Sell-side analysts forecast that Take-Two Interactive Software will post 5.19 EPS for the current year.

Insider Buying and Selling

In other news, Director William B. Gordon sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the completion of the transaction, the director directly owned 47,187 shares of the company’s stock, valued at approximately $9,550,176.93. This represents a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $202.92, for a total value of $67,775.28. Following the completion of the sale, the director directly owned 1,332 shares of the company’s stock, valued at $270,289.44. This represents a 20.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,636 shares of company stock worth $12,930,991 in the last three months. Company insiders own 1.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTWO. BlackRock Inc. acquired a new position in Take-Two Interactive Software in the second quarter valued at $4,560,679,000. Bank of America Corp DE purchased a new position in Take-Two Interactive Software during the second quarter worth about $599,405,000. Amundi boosted its stake in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after buying an additional 688,133 shares during the last quarter. Royal Bank of Canada boosted its stake in Take-Two Interactive Software by 12.2% in the 1st quarter. Royal Bank of Canada now owns 1,524,234 shares of the company’s stock worth $301,036,000 after buying an additional 166,145 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Take-Two Interactive Software by 1.4% in the 1st quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company’s stock worth $291,489,000 after buying an additional 19,702 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.