Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) have been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $178.30.

A number of equities research analysts have weighed in on TTWO shares. Morgan Stanley boosted their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group boosted their price objective on Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Wedbush restated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th. BMO Capital Markets restated an “outperform” rating and set a $185.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, July 30th. Finally, Benchmark restated a “buy” rating and set a $200.00 price target on shares of Take-Two Interactive Software in a research note on Friday, May 17th.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $143.68 on Monday. The stock has a 50 day moving average price of $155.24 and a 200 day moving average price of $152.53. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software has a 52-week low of $130.34 and a 52-week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, May 16th. The company reported ($17.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($17.09). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a negative net margin of 69.99% and a positive return on equity of 2.19%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. Equities analysts predict that Take-Two Interactive Software will post 1.05 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 2,500 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total transaction of $378,125.00. Following the sale, the director now owns 21,981 shares of the company’s stock, valued at $3,324,626.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Michael Sheresky sold 218 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $167.12, for a total transaction of $36,432.16. Following the transaction, the director now directly owns 64,173 shares in the company, valued at $10,724,591.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jon J. Moses sold 2,500 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $151.25, for a total value of $378,125.00. Following the transaction, the director now owns 21,981 shares in the company, valued at $3,324,626.25. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Large investors have recently added to or reduced their stakes in the business. United Asset Strategies Inc. purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $1,527,000. TD Asset Management Inc raised its holdings in shares of Take-Two Interactive Software by 269.8% in the 4th quarter. TD Asset Management Inc now owns 495,177 shares of the company’s stock worth $79,699,000 after purchasing an additional 361,273 shares during the period. Secured Retirement Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $953,000. Nordea Investment Management AB raised its holdings in shares of Take-Two Interactive Software by 3.5% in the 1st quarter. Nordea Investment Management AB now owns 731,045 shares of the company’s stock worth $109,182,000 after purchasing an additional 24,723 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Take-Two Interactive Software by 169.7% in the 1st quarter. QRG Capital Management Inc. now owns 14,425 shares of the company’s stock worth $2,142,000 after purchasing an additional 9,076 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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, 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.