Bank of America Upgrades Take-Two Interactive Software (NASDAQ:TTWO) to "Buy"

Bank of America upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO - Free Report) from a neutral rating to a buy rating in a report issued on Thursday morning, MarketBeat reports. They currently have $185.00 target price on the stock, up from their prior target price of $160.00.

TTWO has been the topic of several other reports. Wedbush reissued an outperform rating and issued a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Friday, May 17th. HSBC downgraded shares of Take-Two Interactive Software from a buy rating to a hold rating and set a $154.00 price objective for the company. in a research report on Friday, May 17th. Benchmark reaffirmed a buy rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a research report on Friday, May 17th. Wells Fargo & Company increased their price objective on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. Finally, Roth Mkm reduced their target price on shares of Take-Two Interactive Software from $185.00 to $180.00 and set a buy rating for the company in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $177.22.

Take-Two Interactive Software Stock Up 1.1 %

Shares of NASDAQ:TTWO traded up $1.72 during midday trading on Thursday, reaching $152.33. The company had a trading volume of 2,269,557 shares, compared to its average volume of 1,679,285. Take-Two Interactive Software has a 1-year low of $130.34 and a 1-year high of $171.59. The stock has a market cap of $25.99 billion, a PE ratio of -6.93, a P/E/G ratio of 1.54 and a beta of 0.75. The company has a quick ratio of 0.82, a current ratio of 0.94 and a debt-to-equity ratio of 0.61. The business's 50 day moving average price is $147.02 and its 200 day moving average price is $153.10.

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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 2.19% and a negative net margin of 69.99%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Research analysts forecast that Take-Two Interactive Software will post 4.26 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 90,851 shares of the business's stock in a transaction 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 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 legal filing with the SEC, which is accessible through the SEC website. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the firm's stock in a transaction that occurred 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 transaction, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 2,500 shares of the company's stock in a transaction 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 directly owns 21,981 shares in the company, valued at $3,324,626.25. The disclosure for this sale can be found here. Company insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in shares of Take-Two Interactive Software by 2.9% during the third quarter. Teacher Retirement System of Texas now owns 13,120 shares of the company's stock worth $1,842,000 after purchasing an additional 368 shares during the period. Signaturefd LLC increased its position in shares of Take-Two Interactive Software by 4.7% during the third quarter. Signaturefd LLC now owns 2,286 shares of the company's stock worth $321,000 after acquiring an additional 102 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter worth about $27,000. Ieq Capital LLC lifted its position in Take-Two Interactive Software by 59.6% in the 3rd quarter. Ieq Capital LLC now owns 3,642 shares of the company's stock valued at $511,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Lincoln National Corp increased its holdings in Take-Two Interactive Software by 2.5% during the 3rd quarter. Lincoln National Corp now owns 5,134 shares of the company's stock worth $721,000 after purchasing an additional 123 shares in 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.