Piper Jaffray Companies reissued their buy rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report sent to investors on Sunday. Piper Jaffray Companies currently has a $100.00 price target on the stock.

A number of other equities research analysts have also issued reports on TTWO. Stifel Nicolaus reiterated a buy rating and issued a $74.00 target price (up previously from $64.00) on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. Benchmark Co. reiterated a buy rating and issued a $85.00 target price (up previously from $77.00) on shares of Take-Two Interactive Software in a research note on Wednesday, May 24th. Jefferies Group LLC reiterated a buy rating and issued a $65.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. MKM Partners reiterated a buy rating and issued a $80.00 target price (up previously from $63.00) on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation increased their target price on Take-Two Interactive Software from $67.00 to $85.00 and gave the company a buy rating in a research note on Thursday, May 25th. One investment 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 stock has an average rating of Buy and an average target price of $87.42.

Take-Two Interactive Software (NASDAQ:TTWO) opened at 99.95 on Friday. The stock has a market capitalization of $10.44 billion, a PE ratio of 59.00 and a beta of 0.77. Take-Two Interactive Software has a one year low of $41.70 and a one year high of $101.40. The company’s 50-day moving average price is $90.59 and its 200-day moving average price is $72.94.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.21) earnings per share. Equities research analysts predict that Take-Two Interactive Software will post $2.16 EPS for the current year.

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In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the transaction, the director now owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the transaction, the chief financial officer now directly owns 409,019 shares in the company, valued at approximately $35,862,785.92. The disclosure for this sale can be found here. Insiders sold 87,465 shares of company stock valued at $7,677,331 in the last three months. 1.55% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Take-Two Interactive Software by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock worth $615,847,000 after buying an additional 115,430 shares during the last quarter. FMR LLC lifted its holdings in Take-Two Interactive Software by 73.1% during the 1st quarter. FMR LLC now owns 5,384,102 shares of the company’s stock worth $319,116,000 after buying an additional 2,273,553 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Take-Two Interactive Software by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock worth $305,169,000 after buying an additional 78,006 shares during the last quarter. State Street Corp lifted its holdings in Take-Two Interactive Software by 62.1% during the 1st quarter. State Street Corp now owns 3,116,177 shares of the company’s stock worth $184,699,000 after buying an additional 1,193,381 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Take-Two Interactive Software by 1,045.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock worth $143,234,000 after buying an additional 1,781,500 shares during the last quarter. 96.20% of the stock is currently 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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