TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Trading Up 8.8%

Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) were up 8.8% during mid-day trading on Thursday . The stock traded as high as $124.97 and last traded at $120.70. Approximately 3,887,813 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 2,224,904 shares. The stock had previously closed at $110.97.

Several analysts have issued reports on TTWO shares. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Piper Jaffray Companies restated an “overweight” rating and issued a $145.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 25th. Wedbush set a $132.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Thursday, July 26th. BidaskClub lowered TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Barclays set a $138.00 price objective on TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a research note on Friday, August 3rd. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $139.00.

The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 68.96, a P/E/G ratio of 2.41 and a beta of 0.99.



TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. The company had revenue of $288.33 million for the quarter, compared to analyst estimates of $258.95 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. As a group, equities analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 earnings per share for the current year.

In other news, VP Daniel P. Emerson sold 13,268 shares of the stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $123.63, for a total transaction of $1,640,322.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul E. Viera bought 75,000 shares of the stock in a transaction dated Monday, August 27th. The shares were purchased at an average price of $133.93 per share, for a total transaction of $10,044,750.00. Following the purchase, the director now owns 926 shares of the company’s stock, valued at approximately $124,019.18. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 66,676 shares of company stock worth $8,594,500. 1.07% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. Commonwealth Equity Services LLC increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 39.4% during the first quarter. Commonwealth Equity Services LLC now owns 4,490 shares of the company’s stock worth $439,000 after purchasing an additional 1,268 shares during the period. United Capital Financial Advisers LLC grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 30.0% during the first quarter. United Capital Financial Advisers LLC now owns 2,529 shares of the company’s stock worth $247,000 after buying an additional 584 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 86.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,879 shares of the company’s stock worth $478,000 after buying an additional 2,261 shares in the last quarter. LPL Financial LLC grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 19.9% during the first quarter. LPL Financial LLC now owns 8,662 shares of the company’s stock worth $847,000 after buying an additional 1,436 shares in the last quarter. Finally, Legal & General Group Plc grew its position in TAKE-TWO INTERACTIVE SOFTWARE by 172.7% during the first quarter. Legal & General Group Plc now owns 510,354 shares of the company’s stock worth $49,902,000 after buying an additional 323,195 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

About TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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