Take-Two Interactive Software (NASDAQ:TTWO) trades up 7.4% after analysts upgrade

Take-Two Interactive Software, Inc. (NASDAQ: TTWO – Get an assessment) The stock price was up 7.4% at midday on Tuesday after Barclays raised its price target on the stock to $175.00. The company traded as high as $137.39 and last traded at $136.76. About 174,356 shares changed hands during the midday session, down 92% from the average daily volume of 2,256,479 shares. The stock previously closed at $127.39.

A number of other research companies have also weighed in on TTWO recently. Wedbush raised its price target on Take-Two Interactive Software shares from $145.00 to $162.00 and gave the stock an “outperform” rating in a Wednesday, June 8 research note. Robert W. Baird lowered his price target on Take-Two Interactive Software stock from $145.00 to $140.00 and set an “outperform” rating on the stock in a Tuesday 9 research note. august. UBS Group lowered its price target on shares of Take-Two Interactive Software from $185.00 to $143.00 and set a “neutral” rating on the stock in a Wednesday, June 29 research note. StockNews.com downgraded shares of Take-Two Interactive Software from a “hold” rating to a “sell” rating in a Wednesday, August 10, report. Finally, Credit Suisse Group cut its price target on Take-Two Interactive Software shares from $139.00 to $137.00 and set a “neutral” rating on the stock in a Tuesday, August 9 report. . One equity research analyst gave the stock a sell rating, six gave the company a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.08.

Insider Trading at Take-Two Interactive Software

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In other news, Insider Daniel P. Emerson sold 3,381 shares of the company in a trade dated Wednesday, June 15. The shares were sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the sale, the insider now directly owns 92,191 shares of the company, valued at $11,452,887.93. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink. In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,125 shares of the company in a trade dated Monday, June 6. The shares were sold at an average price of $127.78, for a total value of $399,312.50. Following the completion of the sale, the insider now directly owns 95,572 shares of the company, valued at approximately $12,212,190.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Additionally, insider Daniel P. Emerson sold 3,381 shares of the company in a trade dated Wednesday, June 15. The stock was sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the sale, the insider now directly owns 92,191 shares of the company, valued at $11,452,887.93. Disclosure of this sale can be found here. 1.13% of the shares are currently held by insiders.

Institutional investors weigh in on Take-Two interactive software

A number of institutional investors have recently increased or reduced their stake in the company. Worldquant Millennium Advisors LLC purchased a new stake in Take-Two Interactive Software in Q2 for approximately $4,066,000. Woodline Partners LP bought a new position in Take-Two Interactive Software in the second quarter worth approximately $44,836,000. Price T Rowe Associates Inc. ® increased its stake in Take-Two Interactive Software by 21.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 260,667 shares of the company valued at $31,940,000 after acquiring 45,826 additional shares in the last quarter. Prudential Financial Inc. increased its stake in Take-Two Interactive Software by 24.5% in the second quarter. Prudential Financial Inc. now owns 133,108 shares of the company valued at $16,559,000 after acquiring 26,199 additional shares in the last quarter. Finally, the Public Employees Retirement Association of Colorado increased its stake in Take-Two Interactive Software by 8.7% in the second quarter. The Public Employees Retirement Association of Colorado now owns 138,502 shares of the company valued at $16,971,000 after acquiring 11,136 additional shares in the last quarter. 88.08% of the shares are held by institutional investors.

Take-Two interactive software trades up 7.4%

The company has a debt ratio of 0.30, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $15.84 billion, a PE ratio of 83.81, a PEG ratio of 1.56 and a beta of 0.74. The stock’s 50-day simple moving average is $126.74 and its two-hundred-day simple moving average is $137.29.

Take-Two Interactive Software (NASDAQ: TTWO – Get an assessment) last announced its quarterly results on Monday, August 8. The company reported ($0.76) EPS for the quarter, missing analyst consensus estimates of $0.84 per ($1.60). The company posted revenue of $1,000.00 million for the quarter, compared to $1.11 billion expected by analysts. Take-Two Interactive Software achieved a net margin of 4.26% and a return on equity of 8.21%. The company’s quarterly revenue increased by 40.6% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.70. On average, sell-side analysts expect Take-Two Interactive Software, Inc. to post EPS of 4.34 for the current year.

Take-Two Interactive Software Company Profile

(Get an assessment)

Take-Two Interactive Software, Inc. develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the names Rockstar Games, 2K, Private Division and T2 Mobile Games. It develops and publishes action/adventure products under the names Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully and Manhunt franchises.

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