TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Upgraded to “Market Perform” by BMO Capital Markets

BMO Capital Markets upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from an underperform rating to a market perform rating in a report published on Tuesday, June 4th, Benzinga reports. BMO Capital Markets currently has $110.00 price target on the stock, up from their previous price target of $95.00.

Other analysts have also issued reports about the company. Bank of America cut their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $128.00 and set a buy rating on the stock in a research note on Tuesday, May 14th. Credit Suisse Group lifted their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $119.00 and gave the stock a neutral rating in a research note on Tuesday, May 14th. KeyCorp cut their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an overweight rating on the stock in a research note on Tuesday, May 14th. Barclays cut their price objective on TAKE-TWO INTERACTIVE SOFTWARE from $114.00 to $113.00 and set an overweight rating on the stock in a research note on Tuesday, May 14th. Finally, Zacks Investment Research lowered TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a sell rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $125.67.

Shares of NASDAQ TTWO traded down $1.26 during mid-day trading on Tuesday, reaching $111.55. The company had a trading volume of 1,201,004 shares, compared to its average volume of 2,429,375. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $84.41 and a one year high of $139.91. The company has a 50-day moving average price of $107.71. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 3.54 and a beta of 0.83.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results 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 business had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s revenue was up 18.7% on a year-over-year basis. On average, equities analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 2.88 EPS for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 8,758 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $109.92, for a total value of $962,679.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The disclosure for this sale can be found here. Insiders have sold 178,607 shares of company stock valued at $17,306,975 in the last quarter. 1.07% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TTWO. Keybank National Association OH boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 11.6% during the 4th quarter. Keybank National Association OH now owns 14,272 shares of the company’s stock worth $1,469,000 after acquiring an additional 1,478 shares during the last quarter. KBC Group NV boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 362.2% in the 4th quarter. KBC Group NV now owns 43,966 shares of the company’s stock valued at $4,526,000 after buying an additional 34,453 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 5.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,939 shares of the company’s stock valued at $508,000 after buying an additional 269 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 2.1% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 153,978 shares of the company’s stock valued at $15,850,000 after buying an additional 3,116 shares during the last quarter. Finally, TD Asset Management Inc. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 16.8% in the 4th quarter. TD Asset Management Inc. now owns 45,041 shares of the company’s stock valued at $4,637,000 after buying an additional 6,464 shares during the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.

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 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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