Take-Two Interactive Software (NASDAQ:TTWO) Price Target Raised to $275.00 at BMO Capital Markets

Take-Two Interactive Software (NASDAQ:TTWO) had its price target boosted by investment analysts at BMO Capital Markets from $252.00 to $275.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 8.95% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Benchmark upped their price objective on Take-Two Interactive Software from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Thursday, October 23rd. Finally, UBS Group increased their price target on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.68.

Take-Two Interactive Software Trading Down 0.9%

NASDAQ TTWO opened at $252.40 on Friday. The business’s fifty day moving average is $251.87 and its 200-day moving average is $238.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $46.56 billion, a price-to-earnings ratio of -10.54, a PEG ratio of 5.10 and a beta of 1.00. Take-Two Interactive Software has a one year low of $171.40 and a one year high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.33. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.52) earnings per share. Equities research analysts predict that Take-Two Interactive Software will post 0.97 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $239.57, for a total value of $239,570.00. Following the completion of the transaction, the director owned 21,901 shares in the company, valued at $5,246,822.57. This trade represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 22,479 shares of Take-Two Interactive Software stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the transaction, the insider directly owned 129,792 shares of the company’s stock, valued at $29,523,786.24. The trade was a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 141,822 shares of company stock worth $32,540,844 in the last 90 days. 1.34% of the stock is owned by company insiders.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC grew its position in shares of Take-Two Interactive Software by 115.7% during the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after purchasing an additional 59 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Take-Two Interactive Software by 101.9% during the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 53 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the second quarter worth approximately $27,000. Finally, 1 North Wealth Services LLC purchased a new stake in Take-Two Interactive Software in the first quarter valued at approximately $29,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.