Take-Two Interactive Software (NASDAQ:TTWO) Receives Outperform Rating from Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a note issued to investors on Thursday,RTT News reports. They currently have a $190.00 target price on the stock. Wedbush’s price objective suggests a potential upside of 6.04% from the stock’s current price.

TTWO has been the topic of a number of other research reports. Bank of America restated a “buy” rating and set a $185.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Stifel Nicolaus upped their price objective on Take-Two Interactive Software from $175.00 to $191.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. reduced their target price on shares of Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, October 22nd. Roth Mkm raised their price target on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded up $12.55 on Thursday, hitting $179.17. 3,766,310 shares of the company’s stock were exchanged, compared to its average volume of 1,614,247. The stock has a market cap of $31.40 billion, a P/E ratio of -8.04, a price-to-earnings-growth ratio of 4.98 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.90 and a quick ratio of 0.90. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $180.53. The company has a 50 day moving average of $156.06 and a 200 day moving average of $153.26.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. On average, equities research analysts predict that Take-Two Interactive Software will post 1.01 EPS for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at approximately $9,645,755.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently added to or reduced their stakes in the business. Ninety One UK Ltd lifted its position in shares of Take-Two Interactive Software by 473.2% during the second quarter. Ninety One UK Ltd now owns 1,269,428 shares of the company’s stock valued at $197,383,000 after purchasing an additional 1,047,979 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Take-Two Interactive Software by 2,224.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,080,474 shares of the company’s stock valued at $160,440,000 after buying an additional 1,034,000 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Take-Two Interactive Software by 3,786.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 826,048 shares of the company’s stock worth $128,442,000 after buying an additional 804,793 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company’s stock worth $694,173,000 after buying an additional 666,198 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Take-Two Interactive Software by 1,780.1% during the third quarter. Assenagon Asset Management S.A. now owns 460,651 shares of the company’s stock valued at $70,807,000 after acquiring an additional 436,150 shares during the last quarter. Institutional investors own 95.46% 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. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.