Deutsche Bank Aktiengesellschaft Lowers Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $200.00

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) had its price target decreased by Deutsche Bank Aktiengesellschaft from $215.00 to $200.00 in a report published on Wednesday, The Fly reports.

TTWO has been the topic of a number of other reports. Wedbush reduced their price objective on shares of Take-Two Interactive Software from $180.00 to $145.00 in a report on Tuesday, May 17th. KeyCorp raised their price objective on shares of Take-Two Interactive Software from $185.00 to $190.00 and gave the company an overweight rating in a report on Tuesday, February 8th. StockNews.com began coverage on shares of Take-Two Interactive Software in a report on Thursday, March 31st. They issued a hold rating on the stock. Morgan Stanley cut their price target on shares of Take-Two Interactive Software from $215.00 to $195.00 and set an overweight rating on the stock in a research note on Tuesday, May 17th. Finally, MKM Partners cut their price target on shares of Take-Two Interactive Software to $180.00 and set a na rating on the stock in a research note on Tuesday, May 17th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $186.30.

Shares of TTWO stock opened at $125.78 on Wednesday. Take-Two Interactive Software has a 52 week low of $101.85 and a 52 week high of $195.82. The stock has a market capitalization of $14.57 billion, a PE ratio of 35.13, a P/E/G ratio of 1.51 and a beta of 0.77. The firm has a 50 day moving average of $132.27 and a two-hundred day moving average of $153.80.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.25. Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. The business had revenue of $845.78 million for the quarter, compared to analyst estimates of $884.62 million. During the same period last year, the business earned $1.66 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that Take-Two Interactive Software will post 4.51 earnings per share for the current fiscal year.

In other news, President Karl Slatoff sold 152,373 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $138.64, for a total value of $21,124,992.72. Following the sale, the president now owns 437,067 shares of the company’s stock, valued at $60,594,968.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TTWO. Capital World Investors purchased a new stake in Take-Two Interactive Software during the first quarter worth about $513,164,000. Norges Bank purchased a new stake in Take-Two Interactive Software during the fourth quarter worth about $183,696,000. Alliancebernstein L.P. boosted its holdings in Take-Two Interactive Software by 18.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,722,683 shares of the company’s stock worth $839,315,000 after buying an additional 720,712 shares in the last quarter. DNB Asset Management AS boosted its holdings in Take-Two Interactive Software by 345.5% during the first quarter. DNB Asset Management AS now owns 882,391 shares of the company’s stock worth $135,659,000 after buying an additional 684,323 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Take-Two Interactive Software by 37.9% during the third quarter. UBS Asset Management Americas Inc. now owns 1,575,470 shares of the company’s stock worth $242,733,000 after buying an additional 432,685 shares in the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software (Get Rating)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, Social Point, and Playdots labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content.

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