Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $185.00 target price on the stock.

A number of other brokerages also recently commented on TTWO. Moffett Nathanson downgraded Take-Two Interactive Software from a buy rating to a neutral rating and lowered their target price for the company from $169.00 to $167.00 in a research note on Monday, February 5th. Citigroup raised Take-Two Interactive Software from a neutral rating to a buy rating and boosted their price target for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. The Goldman Sachs Group boosted their price target on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a buy rating in a research report on Friday, January 19th. Wedbush reaffirmed an outperform rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating for the company in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of Moderate Buy and a consensus target price of $177.61.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $143.43 on Tuesday. The business’s 50-day moving average price is $147.50 and its two-hundred day moving average price is $152.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. Take-Two Interactive Software has a one year low of $119.57 and a one year high of $171.59. The company has a market capitalization of $24.47 billion, a P/E ratio of -16.72, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74.

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

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’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 completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’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 completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares in the company, valued at $9,910,799.40. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC grew its stake in shares of Take-Two Interactive Software by 110.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares during the period. CVA Family Office LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter worth $25,000. MCF Advisors LLC lifted its holdings in Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the fourth quarter worth about $26,000. Finally, Pin Oak Investment Advisors Inc. lifted its holdings in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

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.