TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) has earned a consensus recommendation of “Buy” from the twenty-four ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $127.30.

A number of research analysts have recently issued reports on TTWO shares. BidaskClub cut TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. TheStreet raised TAKE-TWO INTERACTIVE SOFTWARE from a “c+” rating to a “b+” rating in a research note on Wednesday, February 6th. Piper Jaffray Companies reduced their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $119.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley reduced their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Finally, Goldman Sachs Group started coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, January 30th. They set a “buy” rating and a $130.00 price objective on the stock.

Shares of NASDAQ:TTWO traded down $0.44 on Friday, reaching $107.11. 744,319 shares of the company traded hands, compared to its average volume of 2,110,455. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $84.41 and a 52 week high of $139.91. The stock has a market capitalization of $12.10 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. The company had revenue of $488.40 million for the quarter, compared to the consensus estimate of $500.86 million. During the same period last year, the business posted $0.70 earnings per share. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. As a group, research analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 3.44 EPS for the current fiscal year.

In related news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.07% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of TTWO. JPMorgan Chase & Co. boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 42.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock valued at $349,137,000 after acquiring an additional 1,101,453 shares in the last quarter. Norges Bank bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 4th quarter valued at approximately $108,310,000. Renaissance Technologies LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter valued at approximately $82,569,000. Eminence Capital LP boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 60.3% during the 1st quarter. Eminence Capital LP now owns 1,814,251 shares of the company’s stock valued at $171,211,000 after acquiring an additional 682,711 shares in the last quarter. Finally, Corvex Management LP bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter valued at approximately $40,936,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

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Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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