Take-Two Interactive Software, Inc. (TTWO) Given Buy Rating at Benchmark Co.

Benchmark Co. reissued their buy rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research report report published on Saturday morning. The brokerage currently has a $110.00 price objective on the stock, up from their previous price objective of $100.00.

A number of other analysts also recently commented on TTWO. Cowen and Company upped their price objective on Take-Two Interactive Software from $60.00 to $79.00 and gave the stock an outperform rating in a report on Thursday, May 25th. Zacks Investment Research raised shares of Take-Two Interactive Software from a hold rating to a strong-buy rating and set a $79.00 price target for the company in a research report on Saturday, May 20th. Credit Suisse Group reaffirmed a hold rating and set a $71.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, May 25th. BMO Capital Markets upped their price objective on shares of Take-Two Interactive Software from $64.00 to $87.00 and gave the company an outperform rating in a research report on Thursday, May 25th. Finally, Piper Jaffray Companies upped their price objective on shares of Take-Two Interactive Software from $80.00 to $83.00 and gave the company an overweight rating in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $87.95.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.01% during trading on Friday, hitting $100.39. The company’s stock had a trading volume of 2,323,614 shares. The company has a 50-day moving average price of $92.79 and a 200-day moving average price of $73.92. The stock has a market cap of $10.49 billion, a PE ratio of 59.26 and a beta of 0.77. Take-Two Interactive Software has a one year low of $41.70 and a one year high of $101.40.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. During the same quarter in the prior year, the company earned ($0.21) EPS. Take-Two Interactive Software’s revenue was up 27.8% on a year-over-year basis. Equities analysts predict that Take-Two Interactive Software will post $2.19 EPS for the current fiscal year.

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In related news, Director Michael Dornemann sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.80, for a total value of $614,600.00. Following the completion of the transaction, the director now owns 9,394 shares of the company’s stock, valued at approximately $824,793.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Sheresky sold 465 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the transaction, the director now directly owns 69,006 shares of the company’s stock, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders sold a total of 87,465 shares of company stock valued at $7,677,331 in the last ninety days. Company insiders own 1.55% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TTWO. Bank of New York Mellon Corp boosted its stake in Take-Two Interactive Software by 14.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,119,995 shares of the company’s stock worth $66,382,000 after purchasing an additional 139,595 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Take-Two Interactive Software by 44.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 23,111 shares of the company’s stock worth $1,370,000 after purchasing an additional 7,102 shares during the period. Swiss National Bank boosted its stake in Take-Two Interactive Software by 0.8% in the 1st quarter. Swiss National Bank now owns 142,600 shares of the company’s stock worth $8,452,000 after purchasing an additional 1,200 shares during the period. World Asset Management Inc boosted its stake in Take-Two Interactive Software by 18.5% in the 1st quarter. World Asset Management Inc now owns 6,239 shares of the company’s stock worth $370,000 after purchasing an additional 972 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its stake in Take-Two Interactive Software by 23.2% in the 1st quarter. Meadow Creek Investment Management LLC now owns 6,324 shares of the company’s stock worth $375,000 after purchasing an additional 1,190 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

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)

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