Take-Two Interactive Software (NASDAQ:TTWO) Cut to “Neutral” at Moffett Nathanson

Moffett Nathanson lowered shares of Take-Two Interactive Software (NASDAQ:TTWO) from a buy rating to a neutral rating in a research report report published on Tuesday, Price Targets.com reports. Moffett Nathanson currently has $170.00 price target on the stock.

Several other research firms have also recently commented on TTWO. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Take-Two Interactive Software from $218.00 to $225.00 and gave the stock a buy rating in a research report on Tuesday, November 9th. BMO Capital Markets lifted their target price on shares of Take-Two Interactive Software from $150.00 to $180.00 and gave the stock a market perform rating in a research report on Monday, November 8th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their target price on shares of Take-Two Interactive Software from $190.00 to $200.00 and gave the stock a neutral rating in a research report on Wednesday, October 27th. MKM Partners lifted their target price on shares of Take-Two Interactive Software from $186.00 to $200.00 and gave the stock a neutral rating in a research report on Wednesday, November 10th. Finally, Ascendiant Capital Markets dropped their target price on shares of Take-Two Interactive Software from $216.00 to $198.00 and set a buy rating on the stock in a research report on Tuesday, September 14th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $206.29.

Shares of NASDAQ TTWO opened at $152.58 on Tuesday. Take-Two Interactive Software has a fifty-two week low of $138.19 and a fifty-two week high of $214.91. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 4.18 and a beta of 0.63. The firm’s 50-day simple moving average is $171.03 and its 200 day simple moving average is $167.86.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 3rd. The company reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.60. Take-Two Interactive Software had a net margin of 16.72% and a return on equity of 15.60%. The business had revenue of $984.85 million for the quarter, compared to analysts’ expectations of $865.20 million. During the same quarter last year, the firm earned $1.71 EPS. As a group, equities analysts predict that Take-Two Interactive Software will post 3.39 EPS for the current fiscal year.

In related news, insider Daniel P. Emerson sold 2,200 shares of the company’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $183.98, for a total value of $404,756.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Sheresky sold 167 shares of the company’s stock in a transaction on Monday, November 15th. The stock was sold at an average price of $185.11, for a total transaction of $30,913.37. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Take-Two Interactive Software by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 885,651 shares of the company’s stock worth $156,778,000 after purchasing an additional 20,148 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Take-Two Interactive Software by 24.3% during the third quarter. Crossmark Global Holdings Inc. now owns 6,708 shares of the company’s stock valued at $1,034,000 after acquiring an additional 1,310 shares during the last quarter. Karp Capital Management Corp raised its stake in shares of Take-Two Interactive Software by 6.0% during the second quarter. Karp Capital Management Corp now owns 23,222 shares of the company’s stock valued at $4,111,000 after acquiring an additional 1,316 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Take-Two Interactive Software by 6.4% during the second quarter. Public Employees Retirement System of Ohio now owns 75,546 shares of the company’s stock valued at $13,373,000 after acquiring an additional 4,520 shares during the last quarter. Finally, Donaldson Capital Management LLC bought a new position in shares of Take-Two Interactive Software during the third quarter valued at about $3,107,000. 84.72% of the stock is owned by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services.

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

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