TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Given New $145.00 Price Target at Robert W. Baird

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target lifted by Robert W. Baird from $140.00 to $145.00 in a report released on Thursday morning. Robert W. Baird currently has an outperform rating on the stock.

A number of other brokerages also recently commented on TTWO. BidaskClub raised 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. Bank of America lifted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $151.00 to $156.00 and gave the company a buy rating in a research report on Thursday. Stifel Nicolaus lifted 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $144.94.

Shares of TTWO traded down $6.04 during midday trading on Thursday, reaching $113.10. The stock had a trading volume of 486,141 shares, compared to its average volume of 2,612,633. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $92.81 and a one year high of $139.91. The company has a market cap of $14.08 billion, a PE ratio of 64.60, a price-to-earnings-growth 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 analysts’ consensus estimates 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 company had revenue of $583.42 million during the quarter, compared to the consensus estimate of $549.87 million. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current year.

In related news, Director Michael Sheresky sold 295 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated 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 owns 69,168 shares of the company’s stock, valued at approximately $8,927,513.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lainie Goldstein sold 22,900 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $130.38, for a total transaction of $2,985,702.00. Following the sale, the chief financial officer now directly owns 261,149 shares of the company’s stock, valued at approximately $34,048,606.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,463 shares of company stock valued at $4,664,100 in the last ninety days. 1.07% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 169.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock worth $115,000 after buying an additional 525 shares during the period. Girard Partners LTD. bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter valued at about $137,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at about $130,000. Piedmont Investment Advisors LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at about $155,000. Finally, IFP Advisors Inc boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 586.7% in the 3rd quarter. IFP Advisors Inc now owns 1,339 shares of the company’s stock valued at $185,000 after purchasing an additional 1,144 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

About TAKE-TWO INTERACTIVE SOFTWARE

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

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