Wedbush Reaffirms “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Wedbush reiterated their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a $190.00 price objective on the stock.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating for the company in a research note on Friday, February 9th. Wells Fargo & Company upped their price target on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an overweight rating in a research report on Thursday, February 1st. Benchmark restated a buy rating and set a $200.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, April 19th. Citigroup raised Take-Two Interactive Software from a neutral rating to a buy rating and lifted their target price for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Oppenheimer reissued an outperform rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $177.61.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded up $2.81 during mid-day trading on Thursday, hitting $145.88. The company’s stock had a trading volume of 1,075,136 shares, compared to its average volume of 1,457,726. Take-Two Interactive Software has a twelve month low of $119.57 and a twelve month high of $171.59. The stock’s fifty day moving average price is $146.50 and its two-hundred day moving average price is $152.16. The stock has a market capitalization of $24.89 billion, a P/E ratio of -17.00, a P/E/G ratio of 1.19 and a beta of 0.75. 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 earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. Research analysts forecast that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction 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 in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 260 shares of Take-Two Interactive Software stock in a transaction 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 transaction, the director now directly owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several large investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund grew its position in 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 worth $907,000 after acquiring an additional 68 shares during the last quarter. Tectonic Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after buying an additional 69 shares during the last quarter. Drive Wealth Management LLC lifted its position in 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 worth $258,000 after buying an additional 69 shares in the last quarter. Belpointe Asset Management LLC increased its position in Take-Two Interactive Software by 3.7% in 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 in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Take-Two Interactive Software by 14.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock worth $87,000 after acquiring an additional 70 shares during the last quarter. 95.46% of the stock is 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.