TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Rating Increased 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 report sent to investors on Wednesday, BidAskClub reports.

Other equities analysts have also issued research reports about the company. Morgan Stanley boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock an overweight rating in a report on Tuesday, October 15th. UBS Group assumed coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, November 13th. They set a buy rating and a $140.00 price target for the company. SunTrust Banks restated a buy rating and issued a $133.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Friday, November 22nd. Jefferies Financial Group lifted their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the stock a hold rating in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Finally, Stifel Nicolaus set a $138.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a buy rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $132.79.

Shares of NASDAQ TTWO opened at $123.73 on Wednesday. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $84.41 and a 12-month high of $135.70. The stock’s fifty day simple moving average is $121.23 and its two-hundred day simple moving average is $120.36. The stock has a market capitalization of $14.02 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 4.29 and a beta of 0.70. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.05.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.78. The firm had revenue of $950.50 million during the quarter, compared to analyst estimates of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The business’s revenue for the quarter was up 62.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. On average, equities analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Maverick Capital Ltd. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the third quarter worth $915,000. Man Group plc grew its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 30.6% during the third quarter. Man Group plc now owns 78,143 shares of the company’s stock valued at $9,794,000 after buying an additional 18,325 shares during the last quarter. PointState Capital LP acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter valued at $727,000. Voloridge Investment Management LLC acquired a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter valued at $14,973,000. Finally, Zimmer Partners LP purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE in the 3rd quarter worth $4,700,000. 90.92% of the stock is currently owned by institutional investors.

About TAKE-TWO INTERACTIVE SOFTWARE

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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