Take-Two Interactive Software Inc. (NASDAQ:TTWO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The firm currently has a $56.00 price objective on the stock. Zacks Investment Research’s price target would suggest a potential upside of 16.79% from the stock’s current price.

According to Zacks, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe. “

Several other research firms have also recently commented on TTWO. Benchmark Co. reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Sunday, November 6th. Pacific Crest reissued a “hold” rating on shares of Take-Two Interactive Software in a research note on Friday, August 5th. Piper Jaffray Cos. raised their target price on shares of Take-Two Interactive Software from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Robert W. Baird reissued a “neutral” rating and set a $43.00 target price (up previously from $37.00) on shares of Take-Two Interactive Software in a research note on Saturday, August 6th. Finally, Cowen and Company reissued an “outperform” rating and set a $45.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, August 23rd. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.17.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 47.95 on Thursday. The firm has a 50 day moving average of $45.48 and a 200 day moving average of $41.12. The stock has a market cap of $4.09 billion, a P/E ratio of 2523.68 and a beta of 0.92. Take-Two Interactive Software has a one year low of $31.36 and a one year high of $50.19.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Wednesday, November 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.16. The firm had revenue of $420.20 million for the quarter, compared to analysts’ expectations of $1.64 billion. Take-Two Interactive Software had a net margin of 0.12% and a return on equity of 23.87%. Take-Two Interactive Software’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, equities research analysts predict that Take-Two Interactive Software will post $1.73 EPS for the current fiscal year.

In other Take-Two Interactive Software news, VP Daniel P. Emerson sold 1,487 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $49.51, for a total value of $73,621.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lainie Goldstein sold 56,167 shares of the business’s stock in a transaction on Monday, November 7th. The stock was 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. 2.50% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Take-Two Interactive Software by 3.8% in the first quarter. State Street Corp now owns 1,809,356 shares of the company’s stock worth $68,160,000 after buying an additional 65,901 shares during the last quarter. UBS Group AG boosted its stake in shares of Take-Two Interactive Software by 12.0% in the first quarter. UBS Group AG now owns 60,820 shares of the company’s stock worth $2,291,000 after buying an additional 6,501 shares during the last quarter. AXA purchased a new stake in shares of Take-Two Interactive Software during the first quarter worth $569,000. Wellington Management Group LLP boosted its stake in shares of Take-Two Interactive Software by 769.9% in the first quarter. Wellington Management Group LLP now owns 233,701 shares of the company’s stock worth $8,803,000 after buying an additional 206,835 shares during the last quarter. Finally, HBK Investments L P purchased a new stake in shares of Take-Two Interactive Software during the first quarter worth $1,085,000.

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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