TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Rating Lowered to Hold at Jefferies Financial Group

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was downgraded by equities researchers at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a $115.00 price target on the stock, down from their previous price target of $135.00. Jefferies Financial Group’s price objective would indicate a potential downside of 1.25% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TTWO. Wedbush set a $20.00 target price on shares of Ares Capital and gave the stock a “buy” rating in a report on Tuesday, May 14th. Barclays set a $192.00 target price on shares of Tesla and gave the stock a “sell” rating in a report on Tuesday, May 14th. SunTrust Banks initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, June 26th. They issued a “buy” rating and a $125.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $130.00 price objective (up previously from $124.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Monday, June 17th. Finally, Morgan Stanley set a $60.00 price objective on shares of Berry Global Group and gave the company a “hold” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $123.82.

TTWO opened at $116.46 on Thursday. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $84.41 and a fifty-two week high of $139.91. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 3.65 and a beta of 0.80. The stock has a 50-day simple moving average of $111.60.



TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Monday, May 13th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $488.40 million during the quarter, compared to analyst estimates of $500.86 million. During the same quarter in the prior year, the company earned $0.70 EPS. The company’s revenue was up 18.7% on a year-over-year basis. On average, equities research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.88 EPS for the current year.

In other news, insider Daniel P. Emerson sold 8,758 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Strauss Zelnick sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total transaction of $2,718,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,993 shares of company stock valued at $3,706,028 over the last three months. Insiders own 1.07% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 8.6% in the 4th quarter. FMR LLC now owns 3,871,977 shares of the company’s stock worth $398,581,000 after buying an additional 307,032 shares during the period. JPMorgan Chase & Co. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% in the 1st quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after buying an additional 1,101,453 shares during the period. Geode Capital Management LLC boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after buying an additional 141,833 shares during the period. American Century Companies Inc. boosted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 5.9% in the 4th quarter. American Century Companies Inc. now owns 1,461,429 shares of the company’s stock worth $150,440,000 after buying an additional 80,815 shares during the period. Finally, Norges Bank bought a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $108,310,000. 93.73% of the stock is owned by hedge funds and other 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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