Macquarie reissued their outperform rating on shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) in a report issued on Tuesday. They currently have a $48.00 price objective on the stock.

Several other research firms have also recently commented on TTWO. Pacific Crest reissued a hold rating on shares of Take-Two Interactive Software in a research note 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 company an overweight rating in a report on Friday, August 5th. Zacks Investment Research lowered shares of Take-Two Interactive Software from a buy rating to a hold rating in a report on Saturday, July 30th. Robert W. Baird restated a neutral rating and issued a $43.00 price objective (up from $37.00) on shares of Take-Two Interactive Software in a report on Saturday, August 6th. Finally, Stifel Nicolaus restated a buy rating and issued a $41.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, July 12th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $44.56.

Take-Two Interactive Software (NASDAQ:TTWO) opened at 45.09 on Tuesday. The stock has a market capitalization of $3.81 billion, a PE ratio of 187.88 and a beta of 1.12. Take-Two Interactive Software has a 12-month low of $31.36 and a 12-month high of $46.78. The stock’s 50 day moving average is $44.50 and its 200 day moving average is $39.91.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $311.60 million for the quarter, compared to analysts’ expectations of $258.46 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Take-Two Interactive Software’s revenue was down 25.6% compared to the same quarter last year. Analysts forecast that Take-Two Interactive Software will post $1.22 EPS for the current year.

In other news, CEO Strauss Zelnick sold 9,134 shares of Take-Two Interactive Software 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. Aperio Group LLC increased its position in shares of Take-Two Interactive Software by 23.3% in the first quarter. Aperio Group LLC now owns 16,999 shares of the company’s stock worth $640,000 after buying an additional 3,210 shares during the period. Prudential Financial Inc. increased its position in shares of Take-Two Interactive Software by 63.2% in the first quarter. Prudential Financial Inc. now owns 321,112 shares of the company’s stock worth $12,096,000 after buying an additional 124,300 shares during the period. BlackRock Japan Co. Ltd increased its position in shares of Take-Two Interactive Software by 1,638.1% in the first quarter. BlackRock Japan Co. Ltd now owns 28,540 shares of the company’s stock worth $1,075,000 after buying an additional 26,898 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Take-Two Interactive Software by 959.0% in the first quarter. Canada Pension Plan Investment Board now owns 111,200 shares of the company’s stock worth $4,189,000 after buying an additional 100,700 shares during the period. Finally, Miles Capital Inc. purchased a new position in shares of Take-Two Interactive Software during the first quarter worth approximately $270,000.

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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