BMO Capital Markets Issues Positive Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) had its price objective upped by stock analysts at BMO Capital Markets from $185.00 to $190.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 6.04% from the stock's previous close.

A number of other research firms also recently commented on TTWO. Roth Mkm increased their price objective on Take-Two Interactive Software from $180.00 to $182.00 and gave the stock a "buy" rating in a report on Thursday. Benchmark boosted their price target on Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Redburn Atlantic assumed coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They set a "buy" rating and a $194.00 price objective on the stock. UBS Group upped their price objective on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Hsbc Global Res upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $188.05.

Take-Two Interactive Software Stock Up 7.5 %

Shares of NASDAQ:TTWO traded up $12.55 during trading on Thursday, reaching $179.17. 3,697,518 shares of the company traded hands, compared to its average volume of 1,614,247. Take-Two Interactive Software has a 1-year low of $135.24 and a 1-year high of $180.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $31.40 billion, a P/E ratio of -8.04, a price-to-earnings-growth ratio of 4.98 and a beta of 0.85. The firm has a fifty day simple moving average of $156.43 and a 200 day simple moving average of $153.44.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.09. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. Analysts anticipate that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares in the company, valued at approximately $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp boosted its holdings in Take-Two Interactive Software by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 32,779 shares of the company's stock valued at $4,867,000 after acquiring an additional 121 shares during the last quarter. ORG Partners LLC grew its position in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company's stock worth $25,000 after buying an additional 166 shares during the period. Empirical Finance LLC grew its position in shares of Take-Two Interactive Software by 4.0% during the 1st quarter. Empirical Finance LLC now owns 5,017 shares of the company's stock worth $745,000 after buying an additional 193 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Take-Two Interactive Software by 11.7% during the first quarter. Illinois Municipal Retirement Fund now owns 51,967 shares of the company's stock worth $7,717,000 after buying an additional 5,454 shares during the last quarter. Finally, Highland Capital Management LLC lifted its holdings in Take-Two Interactive Software by 16.5% in the first quarter. Highland Capital Management LLC now owns 46,096 shares of the company's stock valued at $6,845,000 after buying an additional 6,531 shares during the period. 95.46% of the stock is currently 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. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.