Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Average Rating of "Buy" by Analysts

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) have been given a consensus rating of "Buy" by the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $187.21.

A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Benchmark lifted their target price on Take-Two Interactive Software from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. dropped their price target on Take-Two Interactive Software from $200.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, October 22nd. Redburn Atlantic assumed coverage on shares of Take-Two Interactive Software in a research report on Thursday, August 29th. They set a "buy" rating and a $194.00 price objective on the stock. Finally, BMO Capital Markets restated an "outperform" rating and set a $185.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, July 30th.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 191 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the transaction, the director now owns 64,378 shares of the company's stock, valued at $9,645,755.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.45% of the company's stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Take-Two Interactive Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 18,920,875 shares of the company's stock valued at $2,809,561,000 after acquiring an additional 156,563 shares during the period. Capital World Investors lifted its position in shares of Take-Two Interactive Software by 2.1% during the first quarter. Capital World Investors now owns 7,240,503 shares of the company's stock valued at $1,075,142,000 after buying an additional 151,135 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Take-Two Interactive Software by 4.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,744,251 shares of the company's stock valued at $737,684,000 after buying an additional 192,774 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Take-Two Interactive Software by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,460,891 shares of the company's stock worth $694,173,000 after buying an additional 666,198 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Take-Two Interactive Software by 1.8% during the 1st quarter. Boston Partners now owns 2,697,648 shares of the company's stock worth $400,379,000 after acquiring an additional 48,909 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

TTWO traded up $2.59 during midday trading on Wednesday, reaching $166.62. The company had a trading volume of 3,086,987 shares, compared to its average volume of 1,604,186. Take-Two Interactive Software has a 1 year low of $135.00 and a 1 year high of $171.59. 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 company has a market cap of $29.21 billion, a P/E ratio of -7.36, a P/E/G ratio of 4.98 and a beta of 0.85. The business has a 50-day moving average of $155.90 and a two-hundred day moving average of $153.17.

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

About Take-Two Interactive Software

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.