Equities research analysts expect Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report $671.61 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Take-Two Interactive Software’s earnings, with the lowest sales estimate coming in at $638.70 million and the highest estimate coming in at $701.70 million. Take-Two Interactive Software posted sales of $476.47 million during the same quarter last year, which suggests a positive year over year growth rate of 41%. The business is expected to report its next earnings report on Tuesday, February 6th.
On average, analysts expect that Take-Two Interactive Software will report full-year sales of $671.61 million for the current fiscal year, with estimates ranging from $1.98 billion to $2.13 billion. For the next year, analysts forecast that the firm will report sales of $2.97 billion per share, with estimates ranging from $2.53 billion to $3.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Take-Two Interactive Software.
A number of research firms have recently commented on TTWO. BMO Capital Markets increased their price target on shares of Take-Two Interactive Software from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating and set a $135.00 price objective (up previously from $122.00) on shares of Take-Two Interactive Software in a research report on Thursday, November 9th. TheStreet downgraded shares of Take-Two Interactive Software from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. Barclays PLC increased their price objective on shares of Take-Two Interactive Software from $115.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Finally, Bank of America Corporation increased their price objective on shares of Take-Two Interactive Software from $106.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software currently has an average rating of “Buy” and an average target price of $110.65.
In other news, CEO Strauss Zelnick sold 31,004 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Dornemann sold 5,500 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $118.50, for a total transaction of $651,750.00. Following the completion of the sale, the director now directly owns 4,777 shares of the company’s stock, valued at $566,074.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,504 shares of company stock valued at $7,729,606. Corporate insiders own 1.55% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in shares of Take-Two Interactive Software in the third quarter worth $102,000. Invictus RG increased its stake in shares of Take-Two Interactive Software by 1,188.8% in the third quarter. Invictus RG now owns 1,031 shares of the company’s stock worth $105,000 after purchasing an additional 951 shares in the last quarter. Smithfield Trust Co. purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth $125,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth $134,000. Finally, Pittenger & Anderson Inc. increased its stake in shares of Take-Two Interactive Software by 124.1% in the third quarter. Pittenger & Anderson Inc. now owns 1,625 shares of the company’s stock worth $166,000 after purchasing an additional 900 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
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Shares of Take-Two Interactive Software (NASDAQ TTWO) opened at $117.82 on Friday. Take-Two Interactive Software has a fifty-two week low of $46.27 and a fifty-two week high of $120.62. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a market cap of $13,560.00, a P/E ratio of 46.44, a PEG ratio of 3.45 and a beta of 0.82.
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.
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