Jefferies Financial Group Raises Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $185.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target lifted by Jefferies Financial Group from $175.00 to $185.00 in a research report sent to investors on Thursday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Bank of America upgraded shares of Take-Two Interactive Software from a neutral rating to a buy rating and boosted their price objective for the company from $160.00 to $185.00 in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lifted their target price on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a research note on Thursday, June 6th. Roth Mkm cut their target price on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating on the stock in a research note on Friday, May 17th. Wedbush reaffirmed an outperform rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Friday, May 17th. Finally, HSBC lowered shares of Take-Two Interactive Software from a buy rating to a hold rating and set a $154.00 target price on the stock. in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $178.52.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $153.35 on Thursday. The stock has a market cap of $26.28 billion, a PE ratio of -6.98, a PEG ratio of 4.91 and a beta of 0.84. The company’s fifty day moving average is $154.64 and its 200 day moving average is $153.62. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. Take-Two Interactive Software’s revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Take-Two Interactive Software will post 0.95 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total value of $378,125.00. Following the transaction, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Jon J. Moses sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 218 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total transaction of $36,432.16. Following the transaction, the director now directly owns 64,173 shares of the company’s stock, valued at $10,724,591.76. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. ORG Partners LLC increased its holdings 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 during the last quarter. MCF Advisors LLC increased its holdings in Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $26,000. Finally, Pin Oak Investment Advisors Inc. increased its holdings in Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

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.