Shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) have been given an average rating of “Buy” by the eighteen ratings firms that are currently covering the firm. Six analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $48.49.

Several analysts have recently issued reports on TTWO shares. Zacks Investment Research downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Piper Jaffray Cos. increased their target price on Take-Two Interactive Software from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Pacific Crest reiterated a “hold” rating on shares of Take-Two Interactive Software in a research report on Friday, August 5th. Credit Suisse Group AG reiterated a “hold” rating and set a $41.00 target price on shares of Take-Two Interactive Software in a research report on Friday, August 5th. Finally, TheStreet downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up 2.71% during trading on Wednesday, hitting $48.56. The stock had a trading volume of 581,141 shares. The company has a market cap of $4.15 billion, a P/E ratio of 2555.79 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. The stock’s 50-day moving average price is $45.81 and its 200-day moving average price is $41.85.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.45 earnings per share (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 prior year, the business earned $0.51 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. On average, equities research analysts forecast that Take-Two Interactive Software will post $1.73 EPS for the current fiscal year.

In other news, CFO Lainie Goldstein sold 56,167 shares of Take-Two Interactive Software stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel P. Emerson sold 1,487 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $49.51, for a total value of $73,621.37. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Navellier & Associates Inc raised its position in shares of Take-Two Interactive Software by 5.2% in the second quarter. Navellier & Associates Inc now owns 6,740 shares of the company’s stock valued at $256,000 after buying an additional 334 shares during the last quarter. Columbus Circle Investors purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $2,069,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $785,000. Smith Asset Management Group LP raised its position in shares of Take-Two Interactive Software by 35.0% in the second quarter. Smith Asset Management Group LP now owns 765,677 shares of the company’s stock valued at $29,035,000 after buying an additional 198,392 shares during the last quarter. Finally, Seven Bridges Advisors LLC raised its position in shares of 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.

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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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