TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Shares Down 5.2%

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)’s share price dropped 5.2% during trading on Monday . The company traded as low as $112.27 and last traded at $115.38, approximately 3,913,208 shares changed hands during mid-day trading. An increase of 76% from the average daily volume of 2,229,202 shares. The stock had previously closed at $121.69.

TTWO has been the topic of a number of research reports. Bank of America cut their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. SunTrust Banks initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, June 26th. They issued a “buy” rating and a $125.00 target price for the company. MKM Partners increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, July 29th. ValuEngine upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Finally, Wedbush increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $126.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $126.73.

The stock has a market cap of $13.77 billion, a P/E ratio of 29.74, a price-to-earnings-growth ratio of 3.73 and a beta of 0.80. The company has a 50-day moving average of $116.62.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Monday, August 5th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of ($0.27) by $0.68. The company had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The business’s revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. Analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.93 earnings per share for the current fiscal year.

In other news, CEO Strauss Zelnick sold 25,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total value of $2,718,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $109.92, for a total value of $962,679.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,993 shares of company stock valued at $3,706,028. Insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. We Are One Seven LLC lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the 2nd quarter. We Are One Seven LLC now owns 3,869 shares of the company’s stock worth $439,000 after purchasing an additional 86 shares during the last quarter. Kistler Tiffany Companies LLC lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 22.8% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 571 shares of the company’s stock worth $65,000 after purchasing an additional 106 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the 2nd quarter. Keybank National Association OH now owns 5,082 shares of the company’s stock worth $577,000 after purchasing an additional 114 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,539 shares of the company’s stock worth $523,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 93.36% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile (NASDAQ:TTWO)

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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