Take-Two Interactive Software Inc. (TTWO) PT Raised to $51.79 at Benchmark Co.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) had its price target raised by stock analysts at Benchmark Co. from $45.92 to $51.79 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price target indicates a potential upside of 14.66% from the stock’s previous close.
A number of other research firms have also recently weighed in on TTWO. Pacific Crest reaffirmed a “hold” rating on shares of Take-Two Interactive Software in a report on Friday, August 5th. Piper Jaffray Cos. increased their price objective on shares of Take-Two Interactive Software from $40.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Zacks Investment Research cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 price objective (up previously from $37.00) on shares of Take-Two Interactive Software in a report on Saturday, August 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.54.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 45.17 on Wednesday. Take-Two Interactive Software has a 12-month low of $27.94 and a 12-month high of $46.78. The firm has a 50-day moving average of $43.61 and a 200-day moving average of $39.10. The firm has a market cap of $3.82 billion, a P/E ratio of 188.21 and a beta of 1.09.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.08. Take-Two Interactive Software had a net margin of 1.39% and a return on equity of 20.92%. The company had revenue of $311.60 million for the quarter, compared to the consensus estimate of $258.46 million. During the same period last year, the firm posted $0.31 EPS. The company’s revenue for the quarter was down 25.6% on a year-over-year basis. On average, equities analysts forecast that Take-Two Interactive Software will post $1.24 earnings per share for the current fiscal year.
In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 9,134 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $41.01, for a total value of $374,585.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. Seven Bridges Advisors LLC boosted its stake in Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock valued at $110,000 after buying an additional 75 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock valued at $116,000 after buying an additional 104 shares in the last quarter. US Bancorp DE boosted its stake in Take-Two Interactive Software by 38.0% in the second quarter. US Bancorp DE now owns 5,598 shares of the company’s stock valued at $212,000 after buying an additional 1,542 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Take-Two Interactive Software during the second quarter valued at approximately $250,000. Finally, Navellier & Associates Inc boosted its stake in Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock valued at $256,000 after buying an additional 334 shares in the last quarter.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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