TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Price Target Increased to $145.00 by Analysts at Benchmark

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TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price upped by Benchmark from $140.00 to $145.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on TTWO. Morgan Stanley increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $140.00 and gave the stock an overweight rating in a research note on Tuesday, August 6th. MKM Partners increased their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $136.00 to $142.00 and gave the stock a buy rating in a research note on Tuesday, August 6th. BMO Capital Markets raised TAKE-TWO INTERACTIVE SOFTWARE from an underperform rating to a market perform rating and increased their price objective for the stock from $95.00 to $110.00 in a research note on Tuesday, June 4th. SunTrust Banks started coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, June 26th. They issued a buy rating and a $125.00 price objective on the stock. Finally, Wedbush reissued a buy rating and issued a $144.00 price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $132.43.

TTWO opened at $126.24 on Monday. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 3.85 and a beta of 0.78. The stock’s 50 day moving average price is $127.59 and its 200-day moving average price is $108.61. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $84.41 and a one year high of $139.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.45.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Monday, August 5th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.14. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. The firm had revenue of $422.24 million for the quarter, compared to analysts’ expectations of $356.65 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 46.4% on a year-over-year basis. As a group, analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 4,500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 226 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $126.89, for a total value of $28,677.14. Following the sale, the director now owns 70,137 shares of the company’s stock, valued at approximately $8,899,683.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,484 shares of company stock valued at $4,165,422. 1.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of TTWO. Nuveen Asset Management LLC lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 1,012.9% during the second quarter. Nuveen Asset Management LLC now owns 1,493,115 shares of the company’s stock worth $169,514,000 after buying an additional 1,358,953 shares during the period. JPMorgan Chase & Co. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% during the first quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after buying an additional 1,101,453 shares during the period. Southpoint Capital Advisors LP purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth $102,177,000. Invesco Ltd. lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 11.2% during the second quarter. Invesco Ltd. now owns 4,656,054 shares of the company’s stock worth $528,602,000 after buying an additional 467,758 shares during the period. Finally, Boston Partners purchased a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the second quarter worth $53,070,000. Institutional investors own 92.10% of the company’s stock.

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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