Take-Two Interactive Software Inc. (NASDAQ:TTWO) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 14,199,220 shares, an increase of 16.4% from the October 14th total of 12,196,874 shares. Based on an average daily trading volume, of 2,160,232 shares, the days-to-cover ratio is currently 6.6 days. Approximately 16.9% of the shares of the stock are short sold.

Take-Two Interactive Software (NASDAQ:TTWO) opened at 46.51 on Wednesday. The company has a 50-day moving average price of $45.50 and a 200-day moving average price of $41.38. Take-Two Interactive Software has a 1-year low of $31.36 and a 1-year high of $50.19. The firm has a market capitalization of $3.97 billion, a P/E ratio of 2447.89 and a beta of 0.92.

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

A number of research analysts have weighed in on the company. Wedbush reissued a “hold” rating and set a $41.50 price target on shares of Take-Two Interactive Software in a research note on Monday, August 8th. Macquarie reissued an “outperform” rating and set a $48.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, October 18th. Jefferies Group reissued a “buy” rating and set a $48.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, August 23rd. Cowen and Company reissued an “outperform” rating and set a $54.00 price target (up previously from $51.00) on shares of Take-Two Interactive Software in a research note on Sunday, November 6th. Finally, Zacks Investment Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Six investment 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.17.

In other Take-Two Interactive Software news, VP Daniel P. Emerson sold 1,487 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $49.51, for a total transaction of $73,621.37. The sale 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 stock in a transaction on Monday, November 7th. The stock was sold at an average price of $49.76, for a total value of $2,794,869.92. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Seven Bridges Advisors LLC raised 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 during the last quarter. LS Investment Advisors LLC raised 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Take-Two Interactive Software by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,907 shares of the company’s stock valued at $131,000 after buying an additional 330 shares during the last quarter. Stephens Inc. AR acquired a new stake in Take-Two Interactive Software during the third quarter valued at about $203,000. Finally, US Bancorp DE raised 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 during the last quarter.

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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