TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Upgraded to “Buy” at ValuEngine

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday, ValuEngine reports.

Several other analysts also recently commented on TTWO. Wedbush reissued an “in-line” rating and set a $126.00 price objective (up from $119.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, May 14th. Barclays cut their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $113.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. KeyCorp cut their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. BidaskClub downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, BMO Capital Markets increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE to $95.00 and gave the company an “underperform” rating in a research report on Friday, May 17th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $126.19.

Shares of TTWO stock opened at $104.23 on Thursday. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $84.41 and a one year high of $139.91. The stock has a market cap of $11.81 billion, a P/E ratio of 26.86, a PEG ratio of 2.36 and a beta of 0.99.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. The firm had revenue of $488.40 million for the quarter, compared to analysts’ expectations of $500.86 million. During the same period last year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, equities analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.39 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $94.05, for a total transaction of $13,600,946.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.07% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Lavaca Capital LLC bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $25,000. Phocas Financial Corp. bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $26,000. Synovus Financial Corp lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 381.5% in the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock worth $27,000 after purchasing an additional 206 shares during the period. CSat Investment Advisory L.P. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the 1st quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 133 shares during the period. Finally, Exane Derivatives bought a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

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 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 (NASDAQ:TTWO)

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