TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO) Receives $128.45 Average Target Price from Brokerages

Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (NASDAQ:TTWO) have earned an average rating of “Buy” from the twenty-five ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $129.45.

A number of research firms recently commented on TTWO. Wedbush set a $132.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research downgraded TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Jaffray Companies restated an “overweight” rating and issued a $145.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock in a report on Wednesday. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock from a “hold” rating to a “buy” rating in a report on Friday, June 15th. Finally, ValuEngine upgraded TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock from a “buy” rating to a “strong-buy” rating in a report on Friday, June 15th.

In other TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock news, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $113.29, for a total transaction of $4,531,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel P. Emerson sold 13,271 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $113.82, for a total value of $1,510,505.22. Following the sale, the vice president now directly owns 115,616 shares of the company’s stock, valued at approximately $13,159,413.12. The disclosure for this sale can be found here. Insiders have sold 53,613 shares of company stock valued at $6,081,206 in the last ninety days. Company insiders own 1.55% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock in the fourth quarter valued at approximately $248,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock in the fourth quarter valued at approximately $7,685,000. Xact Kapitalforvaltning AB bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock in the fourth quarter valued at approximately $1,073,000. Global X Management Co. LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock in the first quarter valued at approximately $112,000. Finally, Alerus Financial NA bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock in the first quarter valued at approximately $1,693,000. 93.37% of the stock is owned by institutional investors.

TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock traded down $2.75, reaching $122.58, during mid-day trading on Friday, MarketBeat reports. The stock had a trading volume of 2,121,186 shares, compared to its average volume of 2,345,302. TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock has a fifty-two week low of $78.10 and a fifty-two week high of $129.25. The company has a market capitalization of $14.62 billion, a P/E ratio of 70.05, a P/E/G ratio of 3.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.39 and a current ratio of 1.40.

TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, May 16th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock had a return on equity of 24.72% and a net margin of 9.68%. The firm had revenue of $411.40 million for the quarter, compared to the consensus estimate of $447.59 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock will post 2.58 earnings per share for the current fiscal year.

About TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (NASDAQ:TTWO)

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