TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Stock Price Down 5.3%

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Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) fell 5.3% on Thursday . The company traded as low as $117.80 and last traded at $119.14. 7,453,432 shares traded hands during trading, an increase of 226% from the average session volume of 2,287,347 shares. The stock had previously closed at $125.81.

A number of research firms have weighed in on TTWO. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Bank of America raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Stifel Nicolaus raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Sanford C. Bernstein began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 9th. They set an “outperform” rating and a $175.00 price target on the stock. Finally, Wedbush set a $132.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a “buy” rating in a report on Thursday, July 26th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. TAKE-TWO INTERACTIVE SOFTWARE has an average rating of “Buy” and a consensus price target of $144.94.

The firm has a market capitalization of $14.32 billion, a PE ratio of 49.15, a P/E/G ratio of 2.52 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Wednesday, November 7th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 19.13%. The company had revenue of $583.42 million for the quarter, compared to analysts’ expectations of $549.87 million. During the same quarter last year, the business earned $1.09 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 2.98 EPS for the current year.

In other news, VP Daniel P. Emerson sold 13,268 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total transaction of $1,640,322.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul E. Viera acquired 73,896 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction dated Friday, August 24th. The shares were bought at an average price of $133.94 per share, for a total transaction of $9,897,630.24. Following the transaction, the director now owns 926 shares of the company’s stock, valued at $124,028.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 36,463 shares of company stock worth $4,664,100. 1.07% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in TTWO. BlackRock Inc. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 1.2% in the third quarter. BlackRock Inc. now owns 8,032,109 shares of the company’s stock worth $1,108,350,000 after purchasing an additional 94,743 shares during the last quarter. FMR LLC increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 35.1% in the third quarter. FMR LLC now owns 3,564,945 shares of the company’s stock worth $491,927,000 after purchasing an additional 926,316 shares during the last quarter. JPMorgan Chase & Co. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 2,606,777 shares of the company’s stock worth $359,708,000 after purchasing an additional 203,912 shares during the last quarter. Macquarie Group Ltd. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 3.9% in the second quarter. Macquarie Group Ltd. now owns 1,925,576 shares of the company’s stock worth $227,911,000 after purchasing an additional 72,090 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 45.1% in the second quarter. Point72 Asset Management L.P. now owns 1,850,345 shares of the company’s stock worth $219,007,000 after purchasing an additional 575,392 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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About TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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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