Take-Two Interactive Software (NASDAQ:TTWO) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $200.00 price objective on the stock.

TTWO has been the subject of a number of other reports. The Goldman Sachs Group lifted their price target on Take-Two Interactive Software from $165.00 to $200.00 and gave the stock a buy rating in a research note on Friday, January 19th. Stifel Nicolaus restated a buy rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Citigroup upgraded Take-Two Interactive Software from a neutral rating to a buy rating and lifted their target price for the company from $170.00 to $200.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. decreased their target price on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating for the company in a research note on Friday, February 9th. Finally, Wells Fargo & Company lifted their target price on Take-Two Interactive Software from $170.00 to $193.00 and gave the company an overweight rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $176.39.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $140.60 on Friday. Take-Two Interactive Software has a one year low of $119.57 and a one year high of $171.59. The stock has a 50-day simple moving average of $148.57 and a 200 day simple moving average of $152.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. Sell-side analysts forecast that Take-Two Interactive Software will post 0.87 EPS for the current year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Take-Two Interactive Software news, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Sheresky sold 260 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently modified their holdings of the stock. CVA Family Office LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $25,000. MCF Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 1,677.8% in the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $26,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Take-Two Interactive Software by 110.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.