KeyCorp set a $104.00 price target on Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research note issued to investors on Thursday, August 3rd. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Take-Two Interactive Software from a strong-buy rating to a hold rating in a research note on Wednesday, April 12th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $75.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, April 20th. Benchmark Co. reiterated a buy rating on shares of Take-Two Interactive Software in a research note on Monday, April 24th. Cowen and Company raised their target price on Take-Two Interactive Software from $60.00 to $79.00 and gave the stock an outperform rating in a research report on Thursday, May 25th. Finally, Credit Suisse Group reaffirmed a hold rating and set a $71.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $85.22.
Take-Two Interactive Software (TTWO) traded up 1.11% during midday trading on Thursday, hitting $89.30. The stock had a trading volume of 1,100,720 shares. The company has a 50-day moving average of $79.07 and a 200-day moving average of $67.10. Take-Two Interactive Software has a 1-year low of $40.63 and a 1-year high of $92.22. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 52.72 and a beta of 0.83.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The company had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. During the same period in the prior year, the company earned ($0.21) EPS. Take-Two Interactive Software’s revenue was up 27.8% compared to the same quarter last year. Equities research analysts forecast that Take-Two Interactive Software will post $2.16 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given a $104.00 Price Target by KeyCorp Analysts” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://transcriptdaily.com/2017/08/13/take-two-interactive-software-inc-nasdaqttwo-pt-set-at-104-00-by-keycorp-updated.html.
In other news, VP Daniel P. Emerson sold 5,884 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total value of $451,185.12. Following the completion of the sale, the vice president now directly owns 117,019 shares in the company, valued at approximately $8,973,016.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Daniel P. Emerson sold 18,440 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $76.21, for a total value of $1,405,312.40. Following the completion of the sale, the vice president now owns 135,088 shares of the company’s stock, valued at $10,295,056.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,840 shares of company stock valued at $12,280,114. Company insiders own 1.55% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after buying an additional 101 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software during the first quarter valued at approximately $114,000. Smithfield Trust Co. purchased a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $125,000. Crow Point Partners LLC increased its stake in shares of Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $134,000. Institutional investors own 97.30% of the company’s stock.
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.
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.