Equities research analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) will post $548.63 million in sales for the current fiscal quarter, according to Zacks Investment Research. Fifteen analysts have provided estimates for TAKE-TWO INTERACTIVE SOFTWARE’s earnings. The lowest sales estimate is $500.00 million and the highest is $575.00 million. TAKE-TWO INTERACTIVE SOFTWARE posted sales of $576.99 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.9%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, November 7th.
According to Zacks, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will report full year sales of $2.84 billion for the current financial year, with estimates ranging from $2.70 billion to $3.22 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.78 billion, with estimates ranging from $2.50 billion to $3.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TAKE-TWO INTERACTIVE SOFTWARE.
Several research firms recently commented on TTWO. Zacks Investment Research raised TAKE-TWO INTERACTIVE SOFTWARE from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Barclays set a $138.00 target price on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a report on Friday, August 3rd. BidaskClub lowered TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Piper Jaffray Companies reissued an “overweight” rating and issued a $145.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, July 25th. Finally, Sanford C. Bernstein started coverage on TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 9th. They issued an “outperform” rating and a $175.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $141.06.
In other news, Director Michael Sheresky sold 295 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $129.07, for a total transaction of $38,075.65. Following the completion of the sale, the director now directly owns 69,168 shares of the company’s stock, valued at approximately $8,927,513.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total transaction of $1,640,322.84. The disclosure for this sale can be found here. Insiders sold a total of 39,576 shares of company stock valued at $5,068,790 over the last ninety days. 1.07% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. American Century Companies Inc. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at $136,745,000. Congress Asset Management Co. MA purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at $91,225,000. Point72 Asset Management L.P. grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 45.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock valued at $219,007,000 after buying an additional 575,392 shares during the period. Criterion Capital Management LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 2nd quarter valued at $46,530,000. Finally, USS Investment Management Ltd lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 43.0% during the 2nd quarter. USS Investment Management Ltd now owns 1,103,602 shares of the company’s stock valued at $130,628,000 after acquiring an additional 332,000 shares in the last quarter. 93.93% of the stock is owned by institutional investors.
TAKE-TWO INTERACTIVE SOFTWARE Company Profile
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; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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