Q3 2018 EPS Estimates for Take-Two Interactive Software, Inc. Cut by Oppenheimer Holdings (TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) – Stock analysts at Oppenheimer Holdings cut their Q3 2018 EPS estimates for shares of Take-Two Interactive Software in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst A. Uerkwitz now anticipates that the company will earn $0.68 per share for the quarter, down from their prior estimate of $0.84. Oppenheimer Holdings currently has a “Buy” rating and a $112.00 target price on the stock. Oppenheimer Holdings also issued estimates for Take-Two Interactive Software’s Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.87 EPS and FY2019 earnings at $3.00 EPS.

Several other analysts have also recently weighed in on TTWO. Jefferies Group LLC reiterated a “buy” rating and issued a $140.00 price target (up previously from $3.00) on shares of Take-Two Interactive Software in a report on Wednesday, November 8th. Bank of America Corporation lifted their price target on shares of Take-Two Interactive Software from $106.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Wedbush reiterated a “neutral” rating and issued a $95.00 price target (up previously from $66.00) on shares of Take-Two Interactive Software in a report on Wednesday, November 8th. Benchmark Co. lifted their price target on shares of Take-Two Interactive Software from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, MKM Partners restated a “buy” rating and set a $97.00 target price (up previously from $86.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $110.65.

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Take-Two Interactive Software (NASDAQ:TTWO) traded up $2.58 during trading hours on Monday, reaching $118.26. 2,736,100 shares of the company traded hands, compared to its average volume of 1,885,645. The company has a market capitalization of $13,193.66, a PE ratio of 45.19, a P/E/G ratio of 3.35 and a beta of 0.82. Take-Two Interactive Software has a twelve month low of $46.05 and a twelve month high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.

Large investors have recently modified their holdings of the business. Engineers Gate Manager LP raised its position in Take-Two Interactive Software by 1,063.4% in the 2nd quarter. Engineers Gate Manager LP now owns 75,841 shares of the company’s stock worth $5,565,000 after buying an additional 69,322 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at about $385,000. BNP Paribas Arbitrage SA increased its position 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 last quarter. Utah Retirement Systems purchased 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. increased its position 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 last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $116.49, for a total value of $3,611,655.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lainie Goldstein sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $115.54, for a total value of $3,466,200.00. Following the completion of the transaction, the chief financial officer now directly owns 351,019 shares of the company’s stock, valued at approximately $40,556,735.26. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by insiders.

About Take-Two Interactive Software

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.

Earnings History and Estimates for Take-Two Interactive Software (NASDAQ:TTWO)

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