Investment analysts at Goldman Sachs Group, Inc. (The) assumed coverage on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research note issued on Friday. The brokerage set a “buy” rating and a $118.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 18.45% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus restated a “buy” rating and set a $74.00 price objective (up previously from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. reiterated a “buy” rating and issued a $85.00 price target (up from $77.00) on shares of Take-Two Interactive Software in a research report on Wednesday, May 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. MKM Partners reiterated a “buy” rating and issued a $80.00 price target (up from $63.00) on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Finally, Bank of America Corporation increased their price target on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $87.42.

Take-Two Interactive Software (TTWO) opened at 99.62 on Friday. Take-Two Interactive Software has a 1-year low of $41.70 and a 1-year high of $100.59. The company has a 50-day moving average of $90.00 and a 200-day moving average of $72.43. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 58.81 and a beta of 0.77.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. Analysts anticipate that Take-Two Interactive Software will post $2.16 earnings per share for the current fiscal year.

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In related news, Director Michael Dornemann sold 7,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.80, for a total transaction of $614,600.00. Following the completion of the transaction, the director now directly owns 9,394 shares of the company’s stock, valued at $824,793.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now directly owns 69,006 shares of the company’s stock, valued at $6,207,779.76. The disclosure for this sale can be found here. Insiders have sold a total of 87,465 shares of company stock worth $7,677,331 over the last 90 days. Insiders own 1.55% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in Take-Two Interactive Software by 6.4% during the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after acquiring an additional 101 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Take-Two Interactive Software during the first quarter valued at $114,000. Smithfield Trust Co. purchased a new position in Take-Two Interactive Software during the second quarter valued at $125,000. Crow Point Partners LLC grew its stake in Take-Two Interactive Software by 63.4% during the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after acquiring an additional 689 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in Take-Two Interactive Software during the second quarter valued at $134,000. 96.20% of the stock is owned by institutional investors.

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.

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

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