Equities researchers at Barclays PLC began coverage on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a report released on Wednesday, October 4th, Marketbeat reports. The firm set an “overweight” rating and a $115.00 price target on the stock. Barclays PLC’s price objective suggests a potential upside of 9.96% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $112.00 price objective (up previously from $93.00) on shares of Take-Two Interactive Software in a research note on Monday, September 25th. Buckingham Research started coverage on shares of Take-Two Interactive Software in a research note on Wednesday, September 20th. They set a “buy” rating and a $120.00 price target on the stock. Benchmark Co. reiterated a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Take-Two Interactive Software in a research note on Saturday, September 16th. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, September 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $100.00 price objective on shares of Take-Two Interactive Software in a report on Sunday, September 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Take-Two Interactive Software presently has an average rating of “Buy” and an average target price of $92.95.

Take-Two Interactive Software (NASDAQ TTWO) traded up 1.10% during midday trading on Wednesday, reaching $104.58. 2,090,582 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $100.34 and its 200-day moving average price is $80.17. The company has a market capitalization of $10.92 billion, a PE ratio of 61.74 and a beta of 0.78. Take-Two Interactive Software has a 1-year low of $43.33 and a 1-year high of $107.53.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.19 by $0.25. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The company had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. During the same quarter last year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Equities analysts expect that Take-Two Interactive Software will post $2.21 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Earns Overweight Rating from Analysts at Barclays PLC” was posted by Marea Informative and is the property of of Marea Informative. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at http://www.mareainformativa.com/take-two-interactive-software-inc-ttwo-coverage-initiated-by-analysts-at-barclays-plc/115207/.

In other news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Sheresky sold 465 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now directly owns 69,006 shares in the company, valued at $6,207,779.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,465 shares of company stock worth $7,677,331. Insiders own 1.55% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Take-Two Interactive Software by 1.4% in the second quarter. Vanguard Group Inc. now owns 8,392,574 shares of the company’s stock valued at $615,847,000 after buying an additional 115,430 shares in the last quarter. FMR LLC raised its position in Take-Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock valued at $319,116,000 after purchasing an additional 2,273,553 shares during the last quarter. JPMorgan Chase & Co. raised its position in Take-Two Interactive Software by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 4,158,753 shares of the company’s stock valued at $305,169,000 after purchasing an additional 78,006 shares during the last quarter. State Street Corp raised its position in Take-Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock valued at $184,699,000 after purchasing an additional 1,193,381 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after purchasing an additional 1,781,500 shares during the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

Receive News & Stock Ratings for Take-Two Interactive Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software Inc. and related stocks with our FREE daily email newsletter.