Take-Two Interactive Software's (TTWO) "Buy" Rating Reiterated at Benchmark

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Benchmark in a report issued on Friday, Benzinga reports. They currently have a $200.00 price objective on the stock. Benchmark's price objective would suggest a potential upside of 42.25% from the stock's previous close.

Several other equities analysts have also recently weighed in on TTWO. Citigroup raised Take-Two Interactive Software from a "neutral" rating to a "buy" rating and lifted their target price for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Jefferies Financial Group assumed coverage on Take-Two Interactive Software in a research note on Monday, April 1st. They set a "buy" rating and a $195.00 target price on the stock. Wedbush reaffirmed an "outperform" rating and set a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday. The Goldman Sachs Group lifted their target price on Take-Two Interactive Software from $165.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, January 19th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $176.39.

Take-Two Interactive Software Trading Down 0.0 %

TTWO traded down $0.04 during trading on Friday, reaching $140.60. The company had a trading volume of 2,542,967 shares, compared to its average volume of 1,676,791. The firm's 50-day simple moving average is $148.57 and its 200 day simple moving average is $152.08. The company has a market cap of $23.98 billion, a price-to-earnings ratio of -16.39, a PEG ratio of 1.22 and a beta of 0.74. Take-Two Interactive Software has a 12-month low of $119.57 and a 12-month high of $171.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly 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 company had revenue of $1.34 billion during the quarter, compared to analysts' expectations 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%. Equities research analysts anticipate that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other news, President Karl Slatoff sold 90,851 shares of the company'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 transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Karl Slatoff sold 90,851 shares of the company'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 transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Sheresky sold 260 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now owns 63,645 shares of the company's stock, valued at $9,910,799.40. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company's stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Cary Street Partners Investment Advisory LLC increased its position in shares of Take-Two Interactive Software by 110.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company's stock valued at $25,000 after purchasing an additional 93 shares during the period. CVA Family Office LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. MCF Advisors LLC increased its position in shares of Take-Two Interactive Software by 1,677.8% during the fourth quarter. MCF Advisors LLC now owns 160 shares of the company's stock valued at $26,000 after purchasing an additional 151 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $26,000. Finally, Pin Oak Investment Advisors Inc. increased its position in shares of Take-Two Interactive Software by 485.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company's stock valued at $26,000 after purchasing an additional 136 shares during the period. 95.46% of the stock is currently owned by 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.