Take-Two Interactive Software, Inc. (NASDAQ:TTWO) had its price target boosted by BMO Capital Markets from $100.00 to $125.00 in a research note issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 20.31% from the stock’s previous close.

A number of other brokerages have also recently commented on TTWO. Cowen and Company cut Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target for the company. in a research report on Monday, October 9th. KeyCorp restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, October 12th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $112.00 price objective (up previously from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. Finally, Buckingham Research initiated coverage on Take-Two Interactive Software in a research note on Wednesday, September 20th. They issued a “buy” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $94.20.

Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up 1.01% on Wednesday, reaching $104.95. The company’s stock had a trading volume of 544,114 shares. The firm’s 50-day moving average price is $100.51 and its 200-day moving average price is $80.48. Take-Two Interactive Software has a 12 month low of $42.65 and a 12 month high of $107.53. The stock has a market cap of $10.96 billion, a P/E ratio of 61.95 and a beta of 0.78.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.25. The business had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.21) earnings per share. On average, analysts forecast that Take-Two Interactive Software will post $2.21 earnings per share for the current fiscal year.

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In other news, CFO Lainie Goldstein sold 30,000 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 409,019 shares of the company’s stock, valued at approximately $35,862,785.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 over the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Eqis Capital Management Inc. lifted its stake in shares of Take-Two Interactive Software by 13.8% in the 3rd quarter. Eqis Capital Management Inc. now owns 6,643 shares of the company’s stock valued at $679,000 after purchasing an additional 806 shares during the last quarter. Ardsley Advisory Partners lifted its stake in shares of Take-Two Interactive Software by 50.0% in the 2nd quarter. Ardsley Advisory Partners now owns 15,000 shares of the company’s stock valued at $1,101,000 after purchasing an additional 5,000 shares during the last quarter. Davidson Kempner Capital Management LP lifted its stake in shares of Take-Two Interactive Software by 11.5% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 700,000 shares of the company’s stock valued at $51,366,000 after purchasing an additional 72,387 shares during the last quarter. J.P. Marvel Investment Advisors LLC lifted its stake in shares of Take-Two Interactive Software by 0.3% in the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock valued at $1,553,000 after purchasing an additional 63 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $546,000. 96.70% of the stock is owned by institutional investors and hedge funds.

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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