BMO Capital Markets Forecasts Strong Price Appreciation for Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software (NASDAQ:TTWO) had its price target lifted by analysts at BMO Capital Markets from $185.00 to $190.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 6.99% from the stock’s current price.

TTWO has been the topic of a number of other reports. Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. UBS Group boosted their price target on shares of Take-Two Interactive Software from $156.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. HSBC raised shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Monday, August 12th. Redburn Atlantic began coverage on shares of Take-Two Interactive Software in a report on Thursday, August 29th. They set a “buy” rating and a $194.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.65.

Take-Two Interactive Software Stock Up 6.6 %

TTWO stock traded up $10.97 during midday trading on Thursday, reaching $177.59. 1,858,375 shares of the company’s stock traded hands, compared to its average volume of 1,605,074. The company has a market cap of $31.13 billion, a price-to-earnings ratio of -7.95, a P/E/G ratio of 4.98 and a beta of 0.85. The firm’s fifty day moving average price is $156.06 and its 200-day moving average price is $153.26. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $177.98.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, sell-side analysts forecast that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares in the company, valued at $9,645,755.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of large investors have recently made changes to their positions in TTWO. Texas Permanent School Fund Corp grew its stake in shares of Take-Two Interactive Software by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,779 shares of the company’s stock valued at $4,867,000 after purchasing an additional 121 shares during the period. ORG Partners LLC grew its stake in shares of Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares during the period. Empirical Finance LLC grew its stake in shares of Take-Two Interactive Software by 4.0% during the 1st quarter. Empirical Finance LLC now owns 5,017 shares of the company’s stock valued at $745,000 after purchasing an additional 193 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Take-Two Interactive Software by 11.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 51,967 shares of the company’s stock valued at $7,717,000 after purchasing an additional 5,454 shares during the period. Finally, Highland Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 16.5% during the 1st quarter. Highland Capital Management LLC now owns 46,096 shares of the company’s stock valued at $6,845,000 after buying an additional 6,531 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.