MKM Partners Boosts TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Price Target to $142.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price raised by MKM Partners from $136.00 to $142.00 in a research note published on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.

TTWO has been the topic of several other research reports. Morgan Stanley reduced their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set an overweight rating on the stock in a report on Wednesday, April 17th. Wedbush reaffirmed a buy rating and issued a $144.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday. BMO Capital Markets raised shares of TAKE-TWO INTERACTIVE SOFTWARE from an underperform rating to a market perform rating and raised their price objective for the stock from $95.00 to $110.00 in a report on Tuesday, June 4th. Zacks Investment Research cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a sell rating in a report on Thursday, May 16th. Finally, KeyCorp raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an overweight rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $130.91.

Shares of TTWO traded down $3.14 during mid-day trading on Tuesday, reaching $128.25. The stock had a trading volume of 572,542 shares, compared to its average volume of 1,560,354. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $84.41 and a 52-week high of $139.91. The company has a fifty day moving average of $117.74. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 3.82 and a beta of 0.80.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 46.4% on a year-over-year basis. On average, equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.93 earnings per share for the current fiscal year.

In related news, CEO Strauss Zelnick sold 25,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total value of $2,718,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction on Monday, June 17th. The shares were sold at an average price of $109.92, for a total transaction of $962,679.36. The disclosure for this sale can be found here. Insiders sold a total of 33,993 shares of company stock worth $3,706,028 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after purchasing an additional 141,833 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at $309,000. Advisory Services Network LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth $46,000. First Hawaiian Bank raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 46.7% in the first quarter. First Hawaiian Bank now owns 440 shares of the company’s stock worth $42,000 after buying an additional 140 shares in the last quarter. Finally, Huntington National Bank raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 1,416.7% in the first quarter. Huntington National Bank now owns 1,547 shares of the company’s stock worth $146,000 after buying an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.

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

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