Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Reaffirmed by Wedbush

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Wedbush in a report released on Wednesday, Benzinga reports. They presently have a $190.00 price objective on the stock. Wedbush's price target would suggest a potential upside of 32.72% from the stock's current price.

A number of other equities research analysts have also issued reports on TTWO. Citigroup raised shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and upped their price objective for the company from $170.00 to $200.00 in a report on Monday, April 8th. Roth Mkm lifted their price target on shares of Take-Two Interactive Software from $168.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Benchmark increased their price objective on Take-Two Interactive Software from $164.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. reduced their target price on Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating on the stock in a research report on Friday, February 9th. Finally, Jefferies Financial Group initiated coverage on Take-Two Interactive Software in a report on Monday, April 1st. They set a "buy" rating and a $195.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $176.39.

Take-Two Interactive Software Price Performance

TTWO traded down $2.29 on Wednesday, reaching $143.16. 1,531,534 shares of the company's stock were exchanged, compared to its average volume of 1,667,557. Take-Two Interactive Software has a twelve month low of $119.57 and a twelve month high of $171.59. The stock has a market cap of $24.42 billion, a PE ratio of -16.76, a P/E/G ratio of 1.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The stock's fifty day moving average price is $149.97 and its 200-day moving average price is $152.21.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently bought and sold shares of TTWO. Harbour Capital Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 1.7% during the first quarter. Harbour Capital Advisors LLC now owns 7,738 shares of the company's stock worth $1,157,000 after purchasing an additional 127 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Take-Two Interactive Software during the first quarter worth approximately $496,000. Wealth Enhancement Advisory Services LLC lifted its stake in Take-Two Interactive Software by 6.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,834 shares of the company's stock valued at $2,351,000 after buying an additional 960 shares during the last quarter. Eagle Rock Investment Company LLC boosted its holdings in shares of Take-Two Interactive Software by 1.8% in the first quarter. Eagle Rock Investment Company LLC now owns 11,769 shares of the company's stock valued at $1,748,000 after acquiring an additional 204 shares during the period. Finally, Anderson Hoagland & Co. grew its position in shares of Take-Two Interactive Software by 6.9% during the first quarter. Anderson Hoagland & Co. now owns 23,066 shares of the company's stock worth $3,509,000 after acquiring an additional 1,492 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.