TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Stock Rating Lowered by Stephens

Stephens cut shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from an overweight rating to an equal weight rating in a research report released on Tuesday morning, BenzingaRatingsTable reports.

TTWO has been the topic of several other reports. Nomura initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, October 3rd. They issued a neutral rating and a $135.00 price target on the stock. Morgan Stanley boosted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the stock an overweight rating in a research report on Tuesday, October 15th. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating in a research note on Saturday. BMO Capital Markets increased their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE to $120.00 and gave the company a market perform rating in a report on Tuesday, November 12th. Finally, ValuEngine lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a research note on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $132.79.

NASDAQ:TTWO traded up $0.46 during mid-day trading on Tuesday, hitting $127.39. 18,467 shares of the company’s stock traded hands, compared to its average volume of 1,207,308. The company has a fifty day moving average of $123.37 and a 200 day moving average of $123.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.46 and a current ratio of 1.48. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $84.41 and a twelve month high of $135.70. The company has a market capitalization of $14.39 billion, a P/E ratio of 32.81, a P/E/G ratio of 3.13 and a beta of 0.69.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.78. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The business had revenue of $950.50 million during the quarter, compared to the consensus estimate of $926.91 million. During the same quarter last year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 62.9% on a year-over-year basis. On average, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.22 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the third quarter worth about $25,000. Squar Milner Financial Services LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 475.7% during the third quarter. Squar Milner Financial Services LLC now owns 213 shares of the company’s stock worth $26,000 after purchasing an additional 176 shares during the period. Phocas Financial Corp. purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth about $284,000. Larson Financial Group LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the third quarter worth about $34,000. Finally, Signaturefd LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 55.4% during the third quarter. Signaturefd LLC now owns 317 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the period. 91.01% 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.

See Also: What is a back-end load?

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

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.