TAKE-TWO INTERACTIVE SOFTWARE (TTWO) PT Set at $150.00 by Wedbush

Wedbush set a $150.00 price target on TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on TTWO. BidaskClub lowered TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a report on Tuesday, July 31st. 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. Zacks Investment Research downgraded TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a sell rating in a research report on Wednesday, July 25th. Morgan Stanley increased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the company an overweight rating in a research report on Friday, August 3rd. Finally, Piper Jaffray Companies reaffirmed an overweight rating and set a $145.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $144.94.

Shares of TTWO stock traded down $6.09 during trading hours on Thursday, reaching $113.05. The company had a trading volume of 6,326,768 shares, compared to its average volume of 2,306,038. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $92.81 and a 12 month high of $139.91. The firm has a market capitalization of $14.08 billion, a PE ratio of 64.60, a P/E/G ratio of 2.47 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. The company had revenue of $583.42 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the company earned $1.09 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 EPS for the current year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Paul E. Viera purchased 73,896 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was bought at an average cost of $133.94 per share, with a total value of $9,897,630.24. Following the completion of the transaction, the director now owns 926 shares of the company’s stock, valued at approximately $124,028.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel P. Emerson sold 13,268 shares of the stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The disclosure for this sale can be found here. Insiders have sold 36,463 shares of company stock valued at $4,664,100 over the last ninety days. 1.07% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TTWO. American Century Companies Inc. purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the second quarter worth $136,745,000. FMR LLC increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 35.1% in the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock worth $491,927,000 after buying an additional 926,316 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the third quarter worth $91,225,000. Point72 Asset Management L.P. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 45.1% in the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock worth $219,007,000 after buying an additional 575,392 shares during the last quarter. Finally, FIL Ltd increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 2,484.7% in the third quarter. FIL Ltd now owns 446,794 shares of the company’s stock worth $61,653,000 after buying an additional 429,508 shares during the last quarter. 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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