Take-Two Interactive (TTWO) Given a $126.00 Price Target by Barclays Analysts

Take-Two Interactive (NASDAQ:TTWO) has been given a $126.00 target price by stock analysts at Barclays in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Barclays’ target price would indicate a potential upside of 11.13% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. TheStreet raised Take-Two Interactive from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Stifel Nicolaus cut their price target on shares of Take-Two Interactive from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 30th. BidaskClub cut shares of Take-Two Interactive from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. ValuEngine upgraded shares of Take-Two Interactive from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Benchmark restated a “buy” rating and set a $135.00 price target (up previously from $130.00) on shares of Take-Two Interactive in a research note on Thursday. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $128.45.

TTWO stock traded down $0.50 during trading on Thursday, reaching $113.38. 6,132 shares of the stock were exchanged, compared to its average volume of 2,656,136. Take-Two Interactive has a twelve month low of $112.88 and a twelve month high of $114.65. The company has a market cap of $12.94 billion, a PE ratio of 64.79, a price-to-earnings-growth ratio of 1.78 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.

Take-Two Interactive (NASDAQ:TTWO) last released its earnings results on Wednesday, May 16th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. Take-Two Interactive had a return on equity of 25.48% and a net margin of 9.68%. The business had revenue of $411.40 million for the quarter, compared to the consensus estimate of $447.59 million. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. equities research analysts anticipate that Take-Two Interactive will post 4.18 EPS for the current year.

In related news, President Karl Slatoff sold 227,671 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $95.75, for a total value of $21,799,498.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Strauss Zelnick sold 252,197 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $95.63, for a total transaction of $24,117,599.11. The disclosure for this sale can be found here. In the last three months, insiders sold 492,131 shares of company stock valued at $47,069,206. 1.55% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Jackson Square Partners LLC increased its holdings in shares of Take-Two Interactive by 11.6% in the fourth quarter. Jackson Square Partners LLC now owns 3,898,808 shares of the company’s stock valued at $428,011,000 after purchasing an additional 403,740 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Take-Two Interactive by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 2,895,515 shares of the company’s stock valued at $283,124,000 after purchasing an additional 290,546 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Take-Two Interactive by 2.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,626,620 shares of the company’s stock valued at $256,831,000 after purchasing an additional 74,424 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Take-Two Interactive by 22.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,390,632 shares of the company’s stock valued at $152,663,000 after purchasing an additional 257,555 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Take-Two Interactive by 18.1% in the first quarter. Northern Trust Corp now owns 1,176,418 shares of the company’s stock valued at $115,030,000 after purchasing an additional 180,519 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

About Take-Two Interactive

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.

Analyst Recommendations for Take-Two Interactive (NASDAQ:TTWO)

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