TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Receives Average Rating of “Buy” from Analysts

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) has received a consensus recommendation of “Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $127.43.

A number of research analysts have recently weighed in on the company. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Stephens restated an “overweight” rating and issued a $120.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, July 17th. Buckingham Research dropped their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. KeyCorp assumed coverage on in a research report on Monday. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group raised their price target on Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, July 11th.

In related news, insider Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Strauss Zelnick sold 25,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total value of $2,718,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,993 shares of company stock valued at $3,706,028. 1.07% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 8.6% in the 4th quarter. FMR LLC now owns 3,871,977 shares of the company’s stock worth $398,581,000 after buying an additional 307,032 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% in the 1st quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after buying an additional 1,101,453 shares during the last quarter. Geode Capital Management LLC boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after buying an additional 141,833 shares during the last quarter. Norges Bank acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth about $108,310,000. Finally, Eagle Asset Management Inc. boosted its stake in TAKE-TWO INTERACTIVE SOFTWARE by 2.6% in the 1st quarter. Eagle Asset Management Inc. now owns 802,603 shares of the company’s stock worth $75,741,000 after buying an additional 20,432 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.

NASDAQ:TTWO traded up $0.80 during trading hours on Wednesday, hitting $124.00. The company’s stock had a trading volume of 42,837 shares, compared to its average volume of 1,032,899. The company has a 50-day moving average price of $115.29. The firm has a market capitalization of $13.71 billion, a P/E ratio of 31.96, a PEG ratio of 3.75 and a beta of 0.80. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). The business had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 2.91 EPS for the current fiscal year.

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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