Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $183.55 Consensus Target Price from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has earned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $183.55.

TTWO has been the subject of a number of recent research reports. Redburn Atlantic initiated coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Jefferies Financial Group lifted their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, August 21st.

Take-Two Interactive Software Trading Up 0.6 %

Shares of TTWO stock opened at $149.73 on Tuesday. The company has a 50 day moving average of $151.78 and a 200-day moving average of $151.25. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software has a 12-month low of $130.34 and a 12-month high of $171.59. The firm has a market cap of $25.66 billion, a P/E ratio of -6.81, a PEG ratio of 4.43 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Sell-side analysts anticipate that Take-Two Interactive Software will post 1.06 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the sale, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in TTWO. Norges Bank bought a new stake in Take-Two Interactive Software in the fourth quarter worth $350,811,000. Ninety One UK Ltd lifted its stake in Take-Two Interactive Software by 473.2% in the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock worth $197,383,000 after purchasing an additional 1,047,979 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in Take-Two Interactive Software by 2,224.9% in the first quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock worth $160,440,000 after purchasing an additional 1,034,000 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Take-Two Interactive Software by 3,786.4% in the second quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after purchasing an additional 804,793 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Take-Two Interactive Software by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after purchasing an additional 666,198 shares during the last quarter. 95.46% of the stock is owned by 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.