Take-Two Interactive Software’s (TTWO) “Hold” Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their hold rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report report published on Thursday. They currently have a $116.00 target price on the stock.

TTWO has been the topic of a number of other reports. Benchmark reaffirmed a buy rating and set a $110.00 target price (up from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. MKM Partners lifted their target price on Take-Two Interactive Software from $97.00 to $122.00 and gave the stock a buy rating in a report on Monday, October 30th. BMO Capital Markets lifted their target price on Take-Two Interactive Software from $125.00 to $135.00 and gave the stock an outperform rating in a report on Monday, November 13th. Barclays initiated coverage on Take-Two Interactive Software in a research report on Wednesday, October 4th. They issued an overweight rating and a $115.00 price target for the company. Finally, Stifel Nicolaus reiterated a buy rating and issued a $105.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $112.90.

Take-Two Interactive Software (TTWO) traded up $0.27 during trading hours on Thursday, reaching $106.81. The company had a trading volume of 1,725,484 shares, compared to its average volume of 2,602,451. The firm has a market capitalization of $12,182.00, a price-to-earnings ratio of 41.72, a P/E/G ratio of 3.10 and a beta of 0.81. Take-Two Interactive Software has a 1 year low of $48.58 and a 1 year high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 31,004 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $116.49, for a total transaction of $3,611,655.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Dornemann sold 5,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the sale, the director now owns 4,777 shares of the company’s stock, valued at $566,074.50. The disclosure for this sale can be found here. Insiders have sold a total of 66,504 shares of company stock valued at $7,729,606 over the last 90 days. Corporate insiders own 1.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its position in Take-Two Interactive Software by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock worth $715,000 after acquiring an additional 39 shares during the period. Cigna Investments Inc. New boosted its position in Take-Two Interactive Software by 1.3% during the 2nd quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock worth $291,000 after acquiring an additional 52 shares during the period. J.P. Marvel Investment Advisors LLC boosted its position in Take-Two Interactive Software by 0.3% during the 2nd quarter. J.P. Marvel Investment Advisors LLC now owns 21,158 shares of the company’s stock worth $1,553,000 after acquiring an additional 63 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Take-Two Interactive Software by 2.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,154 shares of the company’s stock worth $1,112,000 after acquiring an additional 340 shares during the period. Finally, Symphony Asset Management LLC boosted its position in Take-Two Interactive Software by 4.1% during the 2nd quarter. Symphony Asset Management LLC now owns 12,653 shares of the company’s stock worth $929,000 after acquiring an additional 493 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.

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Take-Two Interactive Software Company Profile

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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