Take-Two Interactive Software (NASDAQ:TTWO) Stock Rating Reaffirmed by Benchmark

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a note issued to investors on Friday, Benzinga reports. They currently have a $200.00 price objective on the stock. Benchmark’s target price indicates a potential upside of 42.25% from the company’s current price.

A number of other brokerages also recently weighed in on TTWO. Wedbush reaffirmed an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a report on Wednesday. BMO Capital Markets began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Finally, Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $169.00 to $167.00 in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.39.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $140.60 on Friday. The company has a 50 day moving average of $148.57 and a 200-day moving average of $152.18. Take-Two Interactive Software has a 1-year low of $119.57 and a 1-year high of $171.59. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. The company has a market cap of $23.98 billion, a PE ratio of -16.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts forecast that Take-Two Interactive Software will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Sheresky sold 260 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Take-Two Interactive Software by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,764,312 shares of the company’s stock worth $3,020,116,000 after purchasing an additional 259,149 shares during the period. BlackRock Inc. grew its holdings in Take-Two Interactive Software by 1.5% in the first quarter. BlackRock Inc. now owns 12,311,580 shares of the company’s stock worth $1,468,771,000 after purchasing an additional 182,016 shares during the period. State Street Corp lifted its stake in shares of Take-Two Interactive Software by 2.8% in the first quarter. State Street Corp now owns 7,016,407 shares of the company’s stock valued at $836,988,000 after buying an additional 192,805 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Take-Two Interactive Software by 1.8% in the third quarter. Ameriprise Financial Inc. now owns 4,720,699 shares of the company’s stock valued at $662,690,000 after buying an additional 84,633 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Take-Two Interactive Software by 12.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,691,926 shares of the company’s stock valued at $755,165,000 after buying an additional 521,456 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.