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

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Benchmark in a research report issued on Friday, Benzinga reports. They presently have a $200.00 price target on the stock. Benchmark's price objective would suggest a potential upside of 35.28% from the company's current price.

A number of other research firms also recently weighed in on TTWO. Oppenheimer reaffirmed an "outperform" rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, April 23rd. Bank of America lowered their target price on Take-Two Interactive Software from $170.00 to $160.00 and set a "neutral" rating on the stock in a research report on Friday. Wedbush reissued an "outperform" rating and issued a $190.00 price target on shares of Take-Two Interactive Software in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an "overweight" rating on the stock in a report on Friday, February 9th. 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $175.39.

Take-Two Interactive Software Trading Up 1.2 %

Shares of Take-Two Interactive Software stock traded up $1.76 on Friday, hitting $147.84. 5,611,298 shares of the company's stock traded hands, compared to its average volume of 1,667,689. Take-Two Interactive Software has a one year low of $130.34 and a one year high of $171.59. 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 company has a fifty day moving average of $146.42 and a two-hundred day moving average of $152.57. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of -17.13, a price-to-earnings-growth ratio of 1.29 and a beta of 0.75.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported ($17.02) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($17.09). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, sell-side analysts expect that Take-Two Interactive Software will post 0.64 earnings per share for the current year.

Insider Activity

In related news, President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The stock was 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 approximately $12,965,462.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Large investors have recently made changes to their positions in the stock. Wahed Invest LLC boosted its stake in Take-Two Interactive Software by 15.4% in the 1st quarter. Wahed Invest LLC now owns 3,246 shares of the company's stock worth $482,000 after purchasing an additional 432 shares during the period. Advisory Resource Group bought a new position in Take-Two Interactive Software in the 1st quarter valued at $267,000. LBP AM SA grew its position in shares of Take-Two Interactive Software by 72.9% during the 1st quarter. LBP AM SA now owns 5,211 shares of the company's stock valued at $774,000 after purchasing an additional 2,197 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Take-Two Interactive Software by 119.7% in the first quarter. Tidal Investments LLC now owns 10,564 shares of the company's stock worth $1,569,000 after purchasing an additional 5,755 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Take-Two Interactive Software by 1.0% in the first quarter. California State Teachers Retirement System now owns 269,967 shares of the company's stock worth $40,087,000 after buying an additional 2,606 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

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.