Take-Two Interactive Software (NASDAQ:TTWO) Receives “Outperform” Rating from Oppenheimer

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reiterated by Oppenheimer in a report issued on Tuesday, Benzinga reports. They presently have a $185.00 target price on the stock. Oppenheimer’s price objective would suggest a potential upside of 32.18% from the company’s current price.

A number of other equities research analysts have also commented on TTWO. Jefferies Financial Group initiated coverage on shares of Take-Two Interactive Software in a report on Monday, April 1st. They set a “buy” rating and a $195.00 price objective on the stock. BMO Capital Markets initiated coverage on shares of Take-Two Interactive Software in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective on the stock. Moffett Nathanson lowered shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $169.00 to $167.00 in a report on Monday, February 5th. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $170.00 to $200.00 in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.61.

Take-Two Interactive Software Trading Down 0.5 %

Shares of NASDAQ TTWO opened at $139.96 on Tuesday. The company’s fifty day moving average is $148.27 and its 200-day moving average is $152.27. The stock has a market cap of $23.88 billion, a price-to-earnings ratio of -16.31, a P/E/G ratio of 1.20 and a beta of 0.74. Take-Two Interactive Software has a twelve month low of $119.57 and a twelve month high of $171.59. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts predict that Take-Two Interactive Software will post 0.87 EPS for the current year.

Insider Buying and Selling

In related news, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the transaction, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Take-Two Interactive Software by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock valued at $3,020,116,000 after buying an additional 259,149 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Take-Two Interactive Software by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock valued at $662,690,000 after buying an additional 84,633 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Take-Two Interactive Software by 12.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock valued at $755,165,000 after buying an additional 521,456 shares during the last quarter. Boston Partners grew its holdings in shares of Take-Two Interactive Software by 10.5% during the third quarter. Boston Partners now owns 2,893,303 shares of the company’s stock valued at $405,792,000 after buying an additional 275,368 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Take-Two Interactive Software during the fourth quarter valued at about $350,811,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.