Take-Two Interactive Software (TTWO) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a buy rating to a strong-buy rating in a report published on Saturday.

Several other research analysts have also commented on TTWO. Barclays began coverage on Take-Two Interactive Software in a research report on Wednesday, October 4th. They set an overweight rating and a $115.00 price target on the stock. KeyCorp reaffirmed a buy rating on shares of Take-Two Interactive Software in a research report on Tuesday, October 17th. Buckingham Research began coverage on Take-Two Interactive Software in a research report on Wednesday, September 20th. They set a buy rating and a $120.00 price target on the stock. Piper Jaffray Companies reaffirmed a buy rating and set a $125.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. Finally, Credit Suisse Group reaffirmed a neutral rating and set a $116.00 price target (up previously from $95.00) on shares of Take-Two Interactive Software in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $114.23.

Take-Two Interactive Software (NASDAQ:TTWO) opened at $113.96 on Friday. The company has a market capitalization of $13,000.00, a P/E ratio of 104.55, a price-to-earnings-growth ratio of 3.40 and a beta of 0.80. Take-Two Interactive Software has a 12-month low of $51.00 and a 12-month high of $120.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.54 by $0.22. Take-Two Interactive Software had a return on equity of 27.10% and a net margin of 6.58%. equities analysts expect that Take-Two Interactive Software will post 2.24 EPS for the current year.

In related news, CEO Strauss Zelnick sold 31,004 shares of the company’s stock in a transaction on 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 SEC, which is available at this link. Also, Director Michael Dornemann sold 5,500 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the transaction, the director now directly owns 4,777 shares in the company, valued at approximately $566,074.50. The disclosure for this sale can be found here. In the last three months, insiders sold 66,504 shares of company stock worth $7,729,606. Corporate insiders own 1.55% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TTWO. Martingale Asset Management L P acquired a new position in Take-Two Interactive Software during the second quarter worth $2,620,000. Riverhead Capital Management LLC grew its holdings in Take-Two Interactive Software by 65.1% during the second quarter. Riverhead Capital Management LLC now owns 7,759 shares of the company’s stock worth $569,000 after acquiring an additional 3,059 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Take-Two Interactive Software by 32.7% during the second quarter. TIAA CREF Investment Management LLC now owns 893,842 shares of the company’s stock worth $65,590,000 after acquiring an additional 220,354 shares during the period. Amalgamated Bank grew its holdings in Take-Two Interactive Software by 54.8% during the second quarter. Amalgamated Bank now owns 19,838 shares of the company’s stock worth $1,456,000 after acquiring an additional 7,022 shares during the period. Finally, BlueMountain Capital Management LLC grew its holdings in Take-Two Interactive Software by 60.9% during the second quarter. BlueMountain Capital Management LLC now owns 32,439 shares of the company’s stock worth $2,380,000 after acquiring an additional 12,278 shares during the period. 91.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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