Nomura Increases TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Price Target to $137.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price raised by equities researchers at Nomura from $120.00 to $137.00 in a note issued to investors on Thursday, The Fly reports. Nomura’s price objective would indicate a potential downside of 2.50% from the company’s previous close.

TTWO has been the subject of a number of other research reports. Bank of America reiterated a “buy” rating and set a $140.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, February 5th. Cfra decreased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. SunTrust Banks decreased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Robert W. Baird increased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wedbush increased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $131.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday. Twelve research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $140.44.

Shares of TAKE-TWO INTERACTIVE SOFTWARE stock opened at $140.51 on Thursday. The company has a fifty day simple moving average of $125.95 and a 200-day simple moving average of $121.09. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $100.00 and a 12-month high of $149.28. The company has a current ratio of 1.71, a quick ratio of 1.63 and a debt-to-equity ratio of 0.06. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 4.86 and a beta of 0.56.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Wednesday, May 20th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.60. The business had revenue of $729.42 million during the quarter, compared to analysts’ expectations of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 13.09% and a return on equity of 18.22%. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. On average, analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CFO Lainie Goldstein sold 23,067 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $135.00, for a total transaction of $3,114,045.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 216,665 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $118.97, for a total transaction of $25,776,635.05. The disclosure for this sale can be found here. Insiders sold a total of 260,474 shares of company stock valued at $31,648,198 in the last quarter. Insiders own 1.20% of the company’s stock.

A number of large investors have recently bought and sold shares of TTWO. Huntington National Bank increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 37.5% during the 4th quarter. Huntington National Bank now owns 455 shares of the company’s stock valued at $56,000 after acquiring an additional 124 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 4.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 24,514 shares of the company’s stock valued at $3,001,000 after acquiring an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 170.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 681 shares of the company’s stock valued at $83,000 after acquiring an additional 429 shares in the last quarter. Squar Milner Financial Services LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 232.9% during the 4th quarter. Squar Milner Financial Services LLC now owns 709 shares of the company’s stock valued at $86,000 after acquiring an additional 496 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 4.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,949 shares of the company’s stock valued at $606,000 after acquiring an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.

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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