HSBC Downgrades Take-Two Interactive Software (NASDAQ:TTWO) to Hold

HSBC cut shares of Take-Two Interactive Software (NASDAQ:TTWO) from a buy rating to a hold rating in a report released on Friday, Marketbeat Ratings reports. They currently have $154.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer restated an outperform rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. Wells Fargo & Company raised their target price on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. Jefferies Financial Group initiated coverage on Take-Two Interactive Software in a research note on Monday, April 1st. They set a buy rating and a $195.00 target price on the stock. Citigroup raised shares of Take-Two Interactive Software from a neutral rating to a buy rating and increased their price target for the stock from $170.00 to $200.00 in a research report on Monday, April 8th. Finally, Bank of America dropped their price objective on shares of Take-Two Interactive Software from $170.00 to $160.00 and set a neutral rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $175.39.

Take-Two Interactive Software Stock Up 1.2 %

Take-Two Interactive Software stock traded up $1.76 during midday trading on Friday, hitting $147.84. 5,612,245 shares of the stock were exchanged, compared to its average volume of 1,479,738. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $146.50 and a two-hundred day moving average price of $152.68. The firm has a market cap of $25.22 billion, a P/E ratio of -17.23, a P/E/G ratio of 1.27 and a beta of 0.75. Take-Two Interactive Software has a 1 year low of $130.34 and a 1 year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.00% and a negative net margin of 69.99%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. On average, sell-side analysts predict that Take-Two Interactive Software will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock worth $25,000 after purchasing an additional 93 shares in the last quarter. CVA Family Office LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $25,000. ORG Partners LLC lifted its stake in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after buying an additional 166 shares in the last quarter. MCF Advisors LLC lifted its stake in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $26,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.