Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Upgraded by Bank of America

Take-Two Interactive Software (NASDAQ:TTWO) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a $185.00 price target on the stock, up from their prior price target of $160.00. Bank of America‘s price target indicates a potential upside of 22.83% from the stock’s current price.

A number of other brokerages have also commented on TTWO. HSBC lowered Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $154.00 price objective for the company. in a report on Friday, May 17th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Wedbush reissued an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Oppenheimer reissued an “outperform” rating and issued a $185.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, April 23rd. Finally, Moffett Nathanson downgraded Take-Two Interactive Software from a “buy” rating to a “neutral” rating and decreased their price target for the company from $169.00 to $167.00 in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $177.22.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $150.61 on Thursday. Take-Two Interactive Software has a one year low of $130.34 and a one year high of $171.59. The firm has a market capitalization of $25.69 billion, a price-to-earnings ratio of -6.85, a PEG ratio of 1.54 and a beta of 0.75. The business has a 50-day simple moving average of $146.85 and a 200 day simple moving average of $153.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Take-Two Interactive Software will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the sale, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Karl Slatoff sold 90,851 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The disclosure for this sale can be found here. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently added to or reduced their stakes in TTWO. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Take-Two Interactive Software by 1.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock valued at $907,000 after acquiring an additional 68 shares during the period. Tectonic Advisors LLC grew its position in shares of Take-Two Interactive Software by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after acquiring an additional 69 shares during the period. Drive Wealth Management LLC grew its position in shares of Take-Two Interactive Software by 4.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after acquiring an additional 69 shares during the period. Belpointe Asset Management LLC grew its position in shares of Take-Two Interactive Software by 3.7% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after acquiring an additional 70 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Take-Two Interactive Software by 14.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after acquiring an additional 70 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.