Take-Two Interactive Software’s (TTWO) “Buy” Rating Reiterated at Benchmark Co.

Benchmark Co. restated their buy rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report sent to investors on Saturday morning. The firm currently has a $110.00 target price on the stock, up from their previous target price of $100.00.

Several other equities analysts have also issued reports on the company. BMO Capital Markets reaffirmed an outperform rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 12th. Piper Jaffray Companies reaffirmed a buy rating and issued a $100.00 price target on shares of Take-Two Interactive Software in a research report on Sunday, September 10th. Goldman Sachs Group, Inc. (The) assumed coverage on Take-Two Interactive Software in a research report on Friday, September 8th. They issued a buy rating and a $118.00 price target for the company. KeyCorp reaffirmed a buy rating and issued a $104.00 price target on shares of Take-Two Interactive Software in a research report on Friday, September 8th. Finally, Cowen and Company reaffirmed a buy rating and issued a $83.00 price target on shares of Take-Two Interactive Software in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $87.95.

Shares of Take-Two Interactive Software (TTWO) opened at 102.38 on Friday. Take-Two Interactive Software has a 1-year low of $41.70 and a 1-year high of $102.78. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 60.44 and a beta of 0.77. The stock has a 50 day moving average of $94.03 and a 200 day moving average of $74.78.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) EPS. On average, equities analysts forecast that Take-Two Interactive Software will post $2.19 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Take-Two Interactive Software’s (TTWO) “Buy” Rating Reiterated at Benchmark Co.” was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/09/20/take-two-interactive-softwares-ttwo-buy-rating-reiterated-at-benchmark-co.html.

In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the sale, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,465 shares of company stock valued at $7,677,331. Corporate insiders own 1.55% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC grew its stake in shares of Take-Two Interactive Software by 7.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock valued at $105,780,000 after purchasing an additional 129,572 shares during the period. Engineers Gate Manager LP grew its stake in shares of Take-Two Interactive Software by 1,063.4% during the 2nd quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock valued at $5,565,000 after purchasing an additional 69,322 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Take-Two Interactive Software by 70.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,335 shares of the company’s stock valued at $2,886,000 after purchasing an additional 16,224 shares during the period. Utah Retirement Systems bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at about $1,332,000. Finally, Eqis Capital Management Inc. grew its stake in shares of Take-Two Interactive Software by 19.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 5,837 shares of the company’s stock valued at $428,000 after purchasing an additional 957 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

Receive News & Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply