Wedbush Reaffirms “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Wedbush reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report report published on Monday morning, Benzinga reports. They currently have a $190.00 target price on the stock.

TTWO has been the subject of several other research reports. Robert W. Baird dropped their price target on shares of Take-Two Interactive Software from $173.00 to $172.00 and set an outperform rating for the company in a research report on Monday, May 20th. HSBC lowered shares of Take-Two Interactive Software from a buy rating to a hold rating and set a $154.00 price objective for the company. in a report on Friday, May 17th. Bank of America raised shares of Take-Two Interactive Software from a neutral rating to a buy rating and raised their price objective for the stock from $160.00 to $185.00 in a report on Thursday, May 23rd. Benchmark reaffirmed a buy rating and set a $200.00 price objective on shares of Take-Two Interactive Software in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a report on Thursday, June 6th. One 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. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of Moderate Buy and an average target price of $178.30.

Take-Two Interactive Software Stock Down 3.2 %

Shares of TTWO opened at $135.67 on Monday. The company has a 50-day simple moving average of $154.12 and a 200-day simple moving average of $152.11. The firm has a market capitalization of $23.25 billion, a P/E ratio of -6.17, a P/E/G ratio of 4.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Take-Two Interactive Software will post 1.05 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 Take-Two Interactive Software stock in a transaction 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 transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Jon J. Moses sold 2,500 shares of Take-Two Interactive Software stock in a transaction 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 transaction, the director now directly owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Sheresky sold 218 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the sale, the director now owns 64,173 shares in the company, 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 Investors Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth $37,000. Daiwa Securities Group Inc. raised its holdings in shares of Take-Two Interactive Software by 3.3% during the second quarter. Daiwa Securities Group Inc. now owns 33,388 shares of the company’s stock worth $5,192,000 after acquiring an additional 1,065 shares during the period. Provident Investment Management Inc. acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at $25,001,000. Royal London Asset Management Ltd. increased its stake in Take-Two Interactive Software by 1.3% in the 2nd quarter. Royal London Asset Management Ltd. now owns 73,714 shares of the company’s stock valued at $11,462,000 after buying an additional 981 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at $226,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.