Take-Two Interactive Software Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a note issued to investors on Tuesday. They presently have a $56.00 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 16.59% from the company’s current price.

Several other brokerages also recently commented on TTWO. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Thursday, November 10th. Benchmark Co. restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Sunday, November 6th. Cowen and Company reaffirmed an “outperform” rating and issued a $54.00 target price (up from $51.00) on shares of Take-Two Interactive Software in a report on Sunday, November 6th. MKM Partners reaffirmed a “buy” rating and issued a $55.00 target price (up from $52.00) on shares of Take-Two Interactive Software in a report on Monday, November 7th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $51.00 target price on shares of Take-Two Interactive Software in a report on Monday, October 24th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.71.

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

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 48.03 on Tuesday. Take-Two Interactive Software has a one year low of $31.36 and a one year high of $50.19. The stock has a market capitalization of $4.10 billion, a PE ratio of 2527.89 and a beta of 0.92. The company’s 50-day moving average price is $45.76 and its 200 day moving average price is $41.76.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data 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. Take-Two Interactive Software had a return on equity of 23.87% and a net margin of 0.12%. The business had revenue of $420.20 million for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. Analysts anticipate that Take-Two Interactive Software will post $1.73 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. Seven Bridges Advisors LLC raised its position 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 worth $110,000 after buying an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 worth $131,000 after buying an additional 330 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of 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 worth $116,000 after buying an additional 104 shares in the last quarter. Stephens Inc. AR purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth about $203,000. Finally, Thompson Investment Management Inc. purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth about $222,000.

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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