TAKE-TWO INTERACTIVE SOFTWARE (TTWO) PT Raised to $95.00 at BMO Capital Markets

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price hoisted by BMO Capital Markets to $95.00 in a research note published on Friday morning, The Fly reports. The firm currently has an underperform rating on the stock. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also weighed in on the company. Wedbush lowered their target price on TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $119.00 and set an outperform rating for the company in a research note on Wednesday, January 30th. MKM Partners lowered their target price on TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a buy rating for the company in a research note on Thursday, February 7th. Benchmark boosted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the company a buy rating in a research note on Thursday, February 7th. Zacks Investment Research raised TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a strong-buy rating and set a $118.00 target price for the company in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, January 30th. They issued a buy rating and a $130.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of Buy and a consensus price target of $126.19.

TTWO opened at $102.98 on Friday. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $84.41 and a 12-month high of $139.91. The stock has a market capitalization of $12.00 billion, a PE ratio of 26.54, a PEG ratio of 2.36 and a beta of 0.99.



TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The firm had revenue of $488.40 million during the quarter, compared to analysts’ expectations of $500.86 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.39 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $94.05, for a total transaction of $13,600,946.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.07% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. JPMorgan Chase & Co. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock valued at $349,137,000 after purchasing an additional 1,101,453 shares during the last quarter. Norges Bank bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at approximately $108,310,000. Renaissance Technologies LLC bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter valued at approximately $82,569,000. Eminence Capital LP raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 60.3% during the 1st quarter. Eminence Capital LP now owns 1,814,251 shares of the company’s stock valued at $171,211,000 after purchasing an additional 682,711 shares during the last quarter. Finally, Corvex Management LP bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter valued at approximately $40,936,000. 97.13% of the stock is 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 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.

See Also: Net Income

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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