TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) PT Raised to $150.00

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price objective hoisted by equities researchers at Morgan Stanley from $140.00 to $150.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 6.75% from the stock’s previous close.

A number of other analysts have also recently weighed in on TTWO. Benchmark raised their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus lowered their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Barclays raised their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $138.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday. Wedbush restated a “buy” rating and issued a $131.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Monday, May 18th. Finally, Bank of America restated a “buy” rating and issued a $140.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday, February 5th. Twelve investment 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. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of “Buy” and a consensus target price of $140.44.

NASDAQ TTWO opened at $140.51 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.63 and a current ratio of 1.71. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 4.86 and a beta of 0.56. The company’s 50-day simple moving average is $125.95 and its two-hundred day simple moving average is $121.09. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $100.00 and a one year high of $149.28.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Wednesday, May 20th. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.60. The business had revenue of $729.42 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.78 EPS. Equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.14 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 213 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $123.61, for a total transaction of $26,328.93. Following the completion of the sale, the insider now directly owns 49,925 shares in the company, valued at approximately $6,171,229.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 216,665 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on 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. Over the last 90 days, insiders have sold 260,474 shares of company stock valued at $31,648,198. Company insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Capital Square LLC purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter valued at approximately $25,000. Heritage Wealth Advisors purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at approximately $27,000. Assetmark Inc. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 287.7% during the 4th quarter. Assetmark Inc. now owns 221 shares of the company’s stock valued at $27,000 after purchasing an additional 164 shares in the last quarter. BDO Wealth Advisors LLC increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 666.7% during the 1st quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Finally, Ameritas Investment Company LLC purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter valued at approximately $30,000. 88.80% of the stock is owned by hedge funds and other 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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