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

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) has earned a consensus recommendation of “Buy” from the thirty brokerages that are presently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $145.19.

A number of research firms recently commented on TTWO. UBS Group boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Benchmark boosted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. MKM Partners upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $160.00 in a research report on Friday, June 12th. BNP Paribas upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from an “underperform” rating to a “neutral” rating and set a $113.00 target price for the company in a research report on Monday, March 2nd. Finally, Barclays lifted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $138.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st.

Shares of NASDAQ:TTWO traded up $0.78 during midday trading on Friday, hitting $141.18. The stock had a trading volume of 2,465,567 shares, compared to its average volume of 2,191,695. The company has a market capitalization of $15.92 billion, a PE ratio of 39.88, a P/E/G ratio of 9.87 and a beta of 0.58. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $100.00 and a 1 year high of $149.28. The stock has a 50 day moving average price of $135.57 and a two-hundred day moving average price of $123.88. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.06.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.60. The firm had revenue of $729.42 million for the quarter, compared to the consensus estimate of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. The firm’s revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.52 EPS for the current year.

In related news, CEO Strauss Zelnick sold 216,665 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $118.97, for a total transaction of $25,776,635.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 405 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $119.88, for a total transaction of $48,551.40. Following the transaction, the insider now directly owns 49,925 shares of the company’s stock, valued at approximately $5,985,009. The disclosure for this sale can be found here. Insiders have sold 264,735 shares of company stock valued at $32,223,604 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lincoln National Corp grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 1.6% during the first quarter. Lincoln National Corp now owns 5,000 shares of the company’s stock worth $593,000 after buying an additional 79 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.4% in the first quarter. Rafferty Asset Management LLC now owns 19,740 shares of the company’s stock valued at $2,341,000 after purchasing an additional 85 shares during the period. Wealthsource Partners LLC boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4.5% in the fourth quarter. Wealthsource Partners LLC now owns 2,071 shares of the company’s stock valued at $254,000 after purchasing an additional 89 shares during the period. Utah Retirement Systems boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.5% in the fourth quarter. Utah Retirement Systems now owns 21,449 shares of the company’s stock valued at $2,626,000 after purchasing an additional 100 shares during the period. Finally, Cigna Investments Inc. New boosted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 3.3% in the first quarter. Cigna Investments Inc. New now owns 3,158 shares of the company’s stock valued at $375,000 after purchasing an additional 100 shares during the period. Institutional investors own 92.27% of the company’s stock.

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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