TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Cut to Hold at ValuEngine

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

A number of other brokerages also recently issued reports on TTWO. Wedbush reiterated a “buy” rating and issued a $144.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, August 6th. MKM Partners lifted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Nomura began coverage on TAKE-TWO INTERACTIVE SOFTWARE in a report on Thursday, October 3rd. They issued a “neutral” rating and a $135.00 price target on the stock. BidaskClub downgraded TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, KeyCorp raised their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $133.04.

Shares of NASDAQ:TTWO opened at $120.27 on Thursday. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $84.41 and a 12-month high of $135.70. The business’s fifty day simple moving average is $121.76 and its 200-day simple moving average is $117.96. The company has a market capitalization of $13.24 billion, a PE ratio of 31.00, a P/E/G ratio of 4.35 and a beta of 0.72. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.78. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The business had revenue of $950.50 million for the quarter, compared to the consensus estimate of $926.91 million. During the same period last year, the business posted $1.05 EPS. The business’s revenue was up 62.9% compared to the same quarter last year. Research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 EPS for the current year.

In other news, insider Daniel P. Emerson sold 4,500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total value of $570,465.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at about $50,000. Banco Santander S.A. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at about $439,000. IBM Retirement Fund purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at about $215,000. AE Wealth Management LLC raised its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.7% during the 3rd quarter. AE Wealth Management LLC now owns 5,097 shares of the company’s stock valued at $639,000 after buying an additional 136 shares during the last quarter. Finally, BBVA USA Bancshares Inc. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at about $501,000. 93.15% of the stock is 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.

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

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