TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from a hold rating to a buy rating in a research note published on Friday, BidAskClub reports.

A number of other brokerages have also commented on TTWO. Deutsche Bank started coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, January 22nd. They set a buy rating and a $130.00 target price on the stock. Stephens set a $110.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a research report on Tuesday, March 26th. Zacks Investment Research raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating and set a $104.00 target price on the stock in a research report on Friday, February 15th. Wedbush reduced their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $119.00 and set an outperform rating on the stock in a research report on Wednesday, January 30th. Finally, MKM Partners reduced their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a buy rating on the stock in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of Buy and a consensus target price of $131.12.

Shares of NASDAQ TTWO opened at $100.01 on Friday. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 57.15, a PEG ratio of 1.65 and a beta of 0.99. TAKE-TWO INTERACTIVE SOFTWARE has a 1 year low of $84.41 and a 1 year high of $139.91.



TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The business had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. On average, equities analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 3.15 EPS for the current year.

In related news, CEO Strauss Zelnick sold 144,614 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $94.05, for a total transaction of $13,600,946.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.07% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2.4% during the fourth quarter. BlackRock Inc. now owns 8,222,990 shares of the company’s stock valued at $846,473,000 after buying an additional 190,881 shares during the period. FMR LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 8.6% during the fourth quarter. FMR LLC now owns 3,871,977 shares of the company’s stock valued at $398,581,000 after buying an additional 307,032 shares during the period. JPMorgan Chase & Co. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% during the first quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock valued at $349,137,000 after buying an additional 1,101,453 shares during the period. Geode Capital Management LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock valued at $159,151,000 after buying an additional 141,833 shares during the period. Finally, American Century Companies Inc. increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 5.9% during the fourth quarter. American Century Companies Inc. now owns 1,461,429 shares of the company’s stock valued at $150,440,000 after buying an additional 80,815 shares during the period. 96.07% of the stock is currently owned by 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 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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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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