Wedbush Analysts Give TAKE-TWO INTERACTIVE SOFTWARE (TTWO) a $150.00 Price Target

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Wedbush set a $150.00 price target on TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) in a research note released on Tuesday. The firm currently has a buy rating on the stock.

TTWO has been the subject of several other research reports. Zacks Investment Research upgraded TAKE-TWO INTERACTIVE SOFTWARE from a strong sell rating to a hold rating in a research note on Tuesday, July 17th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating in a research note on Friday, September 14th. Stifel Nicolaus increased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the stock a buy rating in a research note on Tuesday, September 11th. ValuEngine downgraded TAKE-TWO INTERACTIVE SOFTWARE from a strong-buy rating to a buy rating in a research note on Tuesday, August 7th. Finally, Bank of America increased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the stock a buy rating in a research note on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $141.06.

TTWO stock opened at $124.83 on Tuesday. The firm has a market cap of $13.67 billion, a PE ratio of 71.33, a PEG ratio of 2.23 and a beta of 0.99. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $92.81 and a fifty-two week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company had revenue of $288.33 million during the quarter, compared to the consensus estimate of $258.95 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.54% and a net margin of 10.49%. On average, research analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Michael Sheresky sold 295 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $129.07, for a total value of $38,075.65. Following the sale, the director now owns 69,168 shares of the company’s stock, valued at approximately $8,927,513.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel P. Emerson sold 13,268 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total value of $1,640,322.84. The disclosure for this sale can be found here. Insiders have sold a total of 66,676 shares of company stock worth $8,594,500 in the last three months. 1.07% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in TTWO. Capital Advisors Ltd. LLC raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 169.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock valued at $115,000 after acquiring an additional 525 shares in the last quarter. CenterStar Asset Management LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at about $120,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at about $130,000. Piedmont Investment Advisors LLC purchased a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter valued at about $155,000. Finally, Clear Perspective Advisors LLC raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 86.7% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,400 shares of the company’s stock valued at $166,000 after acquiring an additional 650 shares in the last quarter. 92.93% 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. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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