TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) PT Raised to $137.00 at Nomura Instinet

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective hoisted by Nomura Instinet from $120.00 to $137.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. Nomura Instinet’s price objective suggests a potential downside of 2.50% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Cfra cut their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Bank of America reissued a “buy” rating and set a $140.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, February 5th. Zacks Investment Research cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Wednesday, May 13th. Finally, Wedbush reissued a “buy” rating and set a $131.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Monday, May 18th. 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. The stock has a consensus rating of “Buy” and a consensus target price of $140.44.

Shares of TTWO opened at $140.51 on Thursday. 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 capitalization of $15.67 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 4.86 and a beta of 0.56. The firm’s fifty day simple moving average is $125.95 and its two-hundred day simple moving average is $121.09. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $100.00 and a 12 month high of $149.28.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.60. The business had revenue of $729.42 million for 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 business’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. As a group, research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 EPS for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 405 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $119.88, for a total value of $48,551.40. Following the completion of the sale, the insider now owns 49,925 shares in the company, valued at approximately $5,985,009. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Strauss Zelnick sold 216,665 shares of the 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. In the last quarter, insiders sold 260,474 shares of company stock valued at $31,648,198. Company insiders own 1.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Lincoln National Corp increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 1.6% in the 1st quarter. Lincoln National Corp now owns 5,000 shares of the company’s stock valued at $593,000 after buying an additional 79 shares during the last quarter. Rafferty Asset Management LLC increased its stake in TAKE-TWO INTERACTIVE SOFTWARE by 0.4% in the 1st quarter. Rafferty Asset Management LLC now owns 19,740 shares of the company’s stock valued at $2,341,000 after buying an additional 85 shares during the last quarter. Wealthsource Partners LLC increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4.5% during the 4th quarter. Wealthsource Partners LLC now owns 2,071 shares of the company’s stock worth $254,000 after purchasing an additional 89 shares during the last quarter. First Midwest Bank Trust Division increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.1% during the 4th quarter. First Midwest Bank Trust Division now owns 4,600 shares of the company’s stock worth $563,000 after purchasing an additional 96 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.5% during the 4th quarter. Utah Retirement Systems now owns 21,449 shares of the company’s stock worth $2,626,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.

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.

Further Reading: Why are percentage gainers important?

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.