Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given a $104.00 Price Target by KeyCorp Analysts

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.

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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.

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

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