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

Wedbush reissued their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO - Free Report) in a report published on Thursday morning, Benzinga reports. Wedbush currently has a $190.00 price objective on the stock.

Several other analysts have also recently commented on the stock. Jefferies Financial Group started coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They issued a buy rating and a $195.00 target price for the company. Moffett Nathanson lowered Take-Two Interactive Software from a buy rating to a neutral rating and dropped their target price for the company from $169.00 to $167.00 in a research note on Monday, February 5th. Oppenheimer reiterated an outperform rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, April 23rd. Benchmark restated a buy rating and issued a $200.00 price target on shares of Take-Two Interactive Software in a report on Friday, April 19th. Finally, Stifel Nicolaus reiterated a buy rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $177.61.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded up $0.33 on Thursday, hitting $143.07. The company's stock had a trading volume of 1,232,020 shares, compared to its average volume of 1,633,918. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of $146.79 and a 200-day moving average price of $152.21. Take-Two Interactive Software has a 52-week low of $119.57 and a 52-week high of $171.59. The company has a market capitalization of $24.41 billion, a P/E ratio of -16.67, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings data 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 for 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%. On average, equities research analysts expect that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the 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 sale, the president now owns 87,286 shares of the company's stock, valued at $12,965,462.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the business's stock in a transaction 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 transaction, the director now owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Karl Slatoff sold 90,851 shares of the company's stock in a transaction dated 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 directly 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 Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Take-Two Interactive Software by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company's stock worth $3,020,116,000 after purchasing an additional 259,149 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Take-Two Interactive Software by 1.8% in the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company's stock worth $662,690,000 after buying an additional 84,633 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Take-Two Interactive Software by 12.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company's stock valued at $755,165,000 after acquiring an additional 521,456 shares in the last quarter. Boston Partners boosted its stake in Take-Two Interactive Software by 10.5% during the 3rd quarter. Boston Partners now owns 2,893,303 shares of the company's stock valued at $405,792,000 after acquiring an additional 275,368 shares during the last quarter. Finally, Norges Bank acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $350,811,000. Institutional investors and hedge funds 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.