Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “outperform” rating restated by investment analysts at Oppenheimer Holdings, Inc. in a report released on Thursday. They currently have a $58.00 price target on the stock, up from their prior price target of $54.00. Oppenheimer Holdings, Inc.’s price target indicates a potential upside of 7.99% from the stock’s current price.
A number of other equities analysts also recently weighed in on TTWO. Stifel Nicolaus boosted their price target on shares of Take-Two Interactive Software to $64.00 in a report on Thursday. TheStreet cut Take-Two Interactive Software to a “hold” rating in a research note on Thursday. Benchmark Co. restated a “buy” rating and issued a $64.13 price objective (up from $60.37) on shares of Take-Two Interactive Software in a research note on Wednesday. Citigroup Inc boosted their price objective on Take-Two Interactive Software to $58.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, MKM Partners restated a “buy” rating and issued a $62.00 price objective (up from $55.00) on shares of Take-Two Interactive Software in a research note on Monday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.11.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up 3.48% during midday trading on Thursday, reaching $55.58. 821,578 shares of the company’s stock were exchanged. Take-Two Interactive Software has a 12 month low of $33.06 and a 12 month high of $56.71. The company has a market cap of $5.60 billion, a P/E ratio of 330.83 and a beta of 0.86. The firm has a 50 day moving average priceof $51.70 and a 200 day moving average price of $46.63.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.03. The company had revenue of $476.50 million for the quarter, compared to the consensus estimate of $689.64 million. Take-Two Interactive Software had a net margin of 0.12% and a return on equity of 23.87%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Equities research analysts forecast that Take-Two Interactive Software will post $1.75 earnings per share for the current fiscal year.
In related news, CEO Strauss Zelnick sold 80,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $49.55, for a total transaction of $3,964,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Strs Ohio increased its stake in Take-Two Interactive Software by 9.1% in the third quarter. Strs Ohio now owns 14,400 shares of the company’s stock worth $649,000 after buying an additional 1,200 shares during the last quarter. Majedie Asset Management Ltd increased its stake in Take-Two Interactive Software by 4.9% in the third quarter. Majedie Asset Management Ltd now owns 235,983 shares of the company’s stock worth $10,638,000 after buying an additional 10,923 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Take-Two Interactive Software by 15.1% in the third quarter. Ameriprise Financial Inc. now owns 1,017,702 shares of the company’s stock worth $45,879,000 after buying an additional 133,836 shares during the last quarter. Emerald Advisers Inc. PA purchased a new stake in Take-Two Interactive Software during the third quarter worth about $19,440,000. Finally, KCG Holdings Inc. increased its stake in Take-Two Interactive Software by 217.5% in the third quarter. KCG Holdings Inc. now owns 36,844 shares of the company’s stock worth $1,661,000 after buying an additional 25,238 shares during the last quarter.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.