Take-Two Interactive Software (NASDAQ:TTWO) Upgraded by Hsbc Global Res to Strong-Buy

Hsbc Global Res upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a hold rating to a strong-buy rating in a research note published on Monday, Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. HSBC upgraded shares of Take-Two Interactive Software from a hold rating to a buy rating and set a $179.00 price objective for the company in a report on Monday. Roth Mkm lowered their target price on Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating for the company in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $180.00 to $200.00 and gave the company an overweight rating in a research report on Thursday, June 6th. BMO Capital Markets reiterated an outperform rating and set a $185.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, July 30th. Finally, Jefferies Financial Group boosted their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a buy rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $181.81.

Take-Two Interactive Software Stock Up 1.0 %

TTWO opened at $146.38 on Monday. The business’s fifty day simple moving average is $151.80 and its 200 day simple moving average is $151.30. Take-Two Interactive Software has a 52 week low of $130.34 and a 52 week high of $171.59. The company has a quick ratio of 0.94, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.09 billion, a PE ratio of -6.66, a P/E/G ratio of 4.23 and a beta of 0.84.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) EPS for the quarter, missing the consensus estimate of $0.07 by ($17.09). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. Take-Two Interactive Software’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. As a group, research analysts expect that Take-Two Interactive Software will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 218 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the completion of the transaction, the director now owns 64,173 shares in the company, valued at $10,724,591.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Jon J. Moses sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $151.25, for a total transaction of $378,125.00. Following the completion of the sale, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Sheresky sold 218 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $167.12, for a total value of $36,432.16. Following the completion of the transaction, the director now directly owns 64,173 shares in the company, valued at $10,724,591.76. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC lifted its position in Take-Two Interactive Software by 5,533.3% during the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares during the period. MCF Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $26,000. Pin Oak Investment Advisors Inc. grew its holdings in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock worth $26,000 after acquiring an additional 136 shares during the period. Finally, Crewe Advisors LLC increased its position in Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 95.46% 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, 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.