Bank of America Boosts TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Price Target to $156.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target lifted by Bank of America from $151.00 to $156.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Bank of America’s target price points to a potential upside of 25.01% from the company’s current price.

Several other brokerages also recently commented on TTWO. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Stifel Nicolaus boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $131.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, August 6th. Wedbush set a $150.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research report on Tuesday, October 30th. Finally, Sanford C. Bernstein initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, October 9th. They set an “outperform” rating and a $175.00 target price on the stock. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $141.71.

Shares of NASDAQ TTWO traded down $1.02 during midday trading on Thursday, reaching $124.79. The company’s stock had a trading volume of 2,405,848 shares, compared to its average volume of 2,612,633. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $92.81 and a fifty-two week high of $139.91. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 71.31, a PEG ratio of 2.47 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.49% and a return on equity of 18.54%. The business had revenue of $583.42 million during the quarter, compared to the consensus estimate of $549.87 million. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. Research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul E. Viera bought 75,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were bought at an average cost of $133.93 per share, for a total transaction of $10,044,750.00. Following the purchase, the director now owns 926 shares of the company’s stock, valued at approximately $124,019.18. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 39,576 shares of company stock worth $5,068,790. Insiders own 1.07% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 553.4% in the second quarter. Advisors Asset Management Inc. now owns 24,059 shares of the company’s stock worth $626,000 after purchasing an additional 20,377 shares during the last quarter. White Elm Capital LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the second quarter worth $4,498,000. Raymond James & Associates grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4.4% in the second quarter. Raymond James & Associates now owns 29,739 shares of the company’s stock worth $3,520,000 after purchasing an additional 1,253 shares during the last quarter. USS Investment Management Ltd grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 15.6% in the third quarter. USS Investment Management Ltd now owns 1,275,820 shares of the company’s stock worth $176,044,000 after purchasing an additional 172,218 shares during the last quarter. Finally, Oakbrook Investments LLC grew its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 38.9% in the third quarter. Oakbrook Investments LLC now owns 10,972 shares of the company’s stock worth $1,514,000 after purchasing an additional 3,075 shares during the last quarter. 93.93% of the stock is currently 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.

Featured Story: What is the balance sheet?

Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply