Take-Two Interactive Software (NASDAQ:TTWO) Receives “Outperform” Rating from Wedbush

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a research report issued on Wednesday, Benzinga reports. They currently have a $190.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 35.10% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and increased their price target for the company from $170.00 to $200.00 in a research report on Monday, April 8th. Wells Fargo & Company boosted their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Moffett Nathanson lowered Take-Two Interactive Software from a “buy” rating to a “neutral” rating and reduced their target price for the company from $169.00 to $167.00 in a report on Monday, February 5th. Finally, Roth Mkm lifted their price target on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.39.

Take-Two Interactive Software Stock Performance

TTWO opened at $140.64 on Wednesday. The company has a market cap of $23.99 billion, a price-to-earnings ratio of -16.39, a PEG ratio of 1.24 and a beta of 0.74. The company’s fifty day moving average price is $148.86 and its two-hundred day moving average price is $152.07. Take-Two Interactive Software has a 1-year low of $119.57 and a 1-year high of $171.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, analysts expect that Take-Two Interactive Software will post 0.87 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now directly owns 63,645 shares in the company, valued at $9,910,799.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Take-Two Interactive Software by 6.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,443 shares of the company’s stock worth $2,374,000 after buying an additional 971 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Take-Two Interactive Software by 1.8% during the 1st quarter. Yousif Capital Management LLC now owns 16,817 shares of the company’s stock valued at $2,585,000 after acquiring an additional 300 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $206,000. Dimensional Fund Advisors LP grew its holdings in shares of Take-Two Interactive Software by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 512,184 shares of the company’s stock worth $78,757,000 after purchasing an additional 5,382 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Take-Two Interactive Software by 3.2% in the first quarter. Blair William & Co. IL now owns 41,602 shares of the company’s stock worth $6,396,000 after purchasing an additional 1,289 shares during the last quarter. 95.46% of the stock is currently 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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.