Take-Two Interactive Software, Inc. (TTWO) Stock Rating Reaffirmed by KeyCorp

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “buy” rating reiterated by research analysts at KeyCorp in a research note issued on Friday, September 8th. They currently have a $104.00 target price on the stock. KeyCorp’s target price points to a potential upside of 3.60% from the company’s current price.

A number of other analysts have also issued reports on TTWO. Stifel Nicolaus reiterated a “buy” rating and set a $74.00 price objective (up from $64.00) on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. Zacks Investment Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $79.00 price objective on the stock in a research note on Saturday, May 20th. MKM Partners reiterated a “buy” rating and set a $80.00 price objective (up from $63.00) on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, May 23rd. Finally, Benchmark Co. reiterated a “buy” rating and set a $85.00 price objective (up from $77.00) on shares of Take-Two Interactive Software in a research note on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $87.95.

Shares of Take-Two Interactive Software (TTWO) traded up 1.01% on Friday, hitting $100.39. The company had a trading volume of 2,323,614 shares. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 59.26 and a beta of 0.77. The company has a 50 day moving average price of $92.79 and a 200 day moving average price of $73.92. Take-Two Interactive Software has a 1-year low of $41.70 and a 1-year high of $101.40.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The company had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same period in the previous year, the company posted ($0.21) EPS. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts forecast that Take-Two Interactive Software will post $2.19 earnings per share for the current fiscal year.

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In other news, Director Michael Dornemann sold 7,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the transaction, the director now directly owns 9,394 shares in the company, valued at approximately $824,793.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 over the last quarter. Company insiders own 1.55% of the company’s stock.

A number of hedge funds have recently modified their holdings of TTWO. ProShare Advisors LLC boosted its holdings in Take-Two Interactive Software by 17.7% during the 1st quarter. ProShare Advisors LLC now owns 18,390 shares of the company’s stock valued at $1,090,000 after acquiring an additional 2,764 shares during the period. Glen Harbor Capital Management LLC boosted its holdings in Take-Two Interactive Software by 23.2% during the 1st quarter. Glen Harbor Capital Management LLC now owns 4,092 shares of the company’s stock valued at $243,000 after acquiring an additional 770 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Take-Two Interactive Software during the 1st quarter valued at about $576,000. Strs Ohio boosted its holdings in Take-Two Interactive Software by 37.1% during the 1st quarter. Strs Ohio now owns 19,200 shares of the company’s stock valued at $1,137,000 after acquiring an additional 5,200 shares during the period. Finally, State Treasurer State of Michigan purchased a new stake in Take-Two Interactive Software during the 1st quarter valued at about $2,442,000. Institutional investors own 96.20% of the company’s stock.

Take-Two Interactive Software Company Profile

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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