MKM Partners reissued their buy rating on shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) in a research note released on Monday. They currently have a $55.00 target price on the stock, up from their previous target price of $52.00.

Other analysts also recently issued reports about the company. Stifel Nicolaus increased their price target on Take-Two Interactive Software from $41.00 to $46.00 and gave the company a buy rating in a report on Monday, August 8th. Jefferies Group reiterated a buy rating and issued a $45.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 8th. Zacks Investment Research upgraded Take-Two Interactive Software from a hold rating to a buy rating and set a $45.00 price target for the company in a report on Wednesday, July 20th. Benchmark Co. increased their price target on Take-Two Interactive Software from $45.92 to $51.79 and gave the company a buy rating in a report on Wednesday, September 28th. Finally, Mizuho reiterated a buy rating and issued a $48.00 price target on shares of Take-Two Interactive Software in a report on Friday, October 21st. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $47.79.

Take-Two Interactive Software (NASDAQ:TTWO) opened at 49.00 on Monday. The firm has a market cap of $4.18 billion, a PE ratio of 2578.95 and a beta of 0.92. Take-Two Interactive Software has a 12 month low of $31.36 and a 12 month high of $50.19. The company has a 50-day moving average price of $45.41 and a 200 day moving average price of $40.99.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.16. Take-Two Interactive Software had a return on equity of 23.87% and a net margin of 0.12%. The firm earned $420.20 million during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. Equities research analysts anticipate that Take-Two Interactive Software will post $1.65 EPS for the current year.

In related news, VP Daniel P. Emerson sold 1,487 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $49.51, for a total transaction of $73,621.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Lainie Goldstein sold 56,167 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $49.76, for a total transaction of $2,794,869.92. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TTWO. Victory Capital Management Inc. raised its position in Take-Two Interactive Software by 131,674.7% in the third quarter. Victory Capital Management Inc. now owns 1,581,296 shares of the company’s stock worth $71,284,000 after buying an additional 1,580,096 shares in the last quarter. Paulson & CO. Inc. acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $37,920,000. Alliancebernstein L.P. boosted its stake in shares of Take-Two Interactive Software by 29.5% in the second quarter. Alliancebernstein L.P. now owns 4,248,584 shares of the company’s stock worth $161,106,000 after buying an additional 967,525 shares during the last quarter. EverPoint Asset Management LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $35,364,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $33,021,000.

Take-Two Interactive Software Company Profile

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.

5 Day Chart for NASDAQ:TTWO

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