Take-Two Interactive Software’s (TTWO) “Outperform” Rating Reiterated at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report issued on Tuesday, Benzinga reports. The firm currently has a $185.00 price objective on the stock.

A number of other brokerages also recently issued reports on TTWO. JPMorgan Chase & Co. reduced their price objective on Take-Two Interactive Software from $188.00 to $180.00 and set an overweight rating for the company in a research note on Friday, February 9th. Stifel Nicolaus restated a buy rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Citigroup upgraded Take-Two Interactive Software from a neutral rating to a buy rating and upped their price objective for the company from $170.00 to $200.00 in a research note on Monday, April 8th. Benchmark restated a buy rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a research note on Friday, April 19th. Finally, Roth Mkm upped their price objective on Take-Two Interactive Software from $168.00 to $185.00 and gave the company a buy rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $177.61.

Take-Two Interactive Software Trading Up 0.4 %

Shares of Take-Two Interactive Software stock opened at $143.43 on Tuesday. The stock has a fifty day simple moving average of $147.50 and a 200 day simple moving average of $152.15. Take-Two Interactive Software has a 12-month low of $119.57 and a 12-month high of $171.59. The company has a market capitalization of $24.47 billion, a P/E ratio of -16.72, a price-to-earnings-growth ratio of 1.21 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, sell-side analysts anticipate that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 260 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Take-Two Interactive Software news, Director Michael Sheresky sold 260 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the transaction, the director now directly owns 63,645 shares in the company, valued at approximately $9,910,799.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Karl Slatoff sold 90,851 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the completion of the transaction, the president now owns 87,286 shares in the company, valued at $12,965,462.44. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC increased its stake in Take-Two Interactive Software by 150.4% in the 1st quarter. Verdence Capital Advisors LLC now owns 16,659 shares of the company’s stock worth $2,474,000 after acquiring an additional 10,007 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Take-Two Interactive Software by 2.0% during the 1st quarter. WCM Investment Management LLC now owns 7,751 shares of the company’s stock valued at $1,151,000 after purchasing an additional 150 shares during the last quarter. Strategy Asset Managers LLC increased its position in shares of Take-Two Interactive Software by 4.1% during the 1st quarter. Strategy Asset Managers LLC now owns 3,408 shares of the company’s stock valued at $506,000 after purchasing an additional 133 shares during the last quarter. Osborne Partners Capital Management LLC grew its position in Take-Two Interactive Software by 4.0% during the 1st quarter. Osborne Partners Capital Management LLC now owns 30,862 shares of the company’s stock worth $4,583,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Take-Two Interactive Software by 3.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,588 shares of the company’s stock worth $12,263,000 after acquiring an additional 2,723 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Company Profile

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, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.