TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Stock Rating Reaffirmed by Piper Jaffray Companies

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TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)‘s stock had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday, TipRanks reports.

A number of other equities research analysts have also issued reports on the company. Oppenheimer increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $135.00 to $145.00 in a research note on Wednesday, September 11th. Stephens reiterated an “overweight” rating and issued a $120.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 17th. Jefferies Financial Group increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. They noted that the move was a valuation call. KeyCorp increased their target price on TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Bank of America reiterated a “buy” rating and issued a $144.00 target price (up previously from $133.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $132.43.

Shares of TTWO stock traded down $0.03 during trading hours on Wednesday, reaching $130.56. The company had a trading volume of 811,824 shares, compared to its average volume of 2,106,273. 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 has a twelve month low of $84.41 and a twelve month high of $139.91. The company has a market capitalization of $14.78 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 3.81 and a beta of 0.78. The stock’s fifty day simple moving average is $128.52 and its 200 day simple moving average is $110.04.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share (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 business had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. As a group, equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 earnings per share for the current year.

In other news, CEO Strauss Zelnick sold 20,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.18, for a total value of $2,603,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 4,500 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $126.77, for a total value of $570,465.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,726 shares of company stock valued at $3,202,742. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TTWO. Cornerstone Advisors Inc. grew its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $28,000. Phocas Financial Corp. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $28,000. CSat Investment Advisory L.P. lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the 1st quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 133 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 36.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 325 shares of the company’s stock worth $35,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 92.02% 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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