Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Oppenheimer Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its price objective lifted by analysts at Oppenheimer from $185.00 to $190.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 5.74% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets lifted their price objective on Take-Two Interactive Software from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday. Redburn Atlantic initiated coverage on Take-Two Interactive Software in a report on Thursday, August 29th. They issued a “buy” rating and a $194.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen raised their target price on shares of Take-Two Interactive Software from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Benchmark raised their target price on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.05.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $13.07 during trading on Thursday, reaching $179.69. 2,798,232 shares of the company’s stock traded hands, compared to its average volume of 1,608,053. Take-Two Interactive Software has a fifty-two week low of $135.24 and a fifty-two week high of $180.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $31.50 billion, a PE ratio of -8.07, a P/E/G ratio of 4.98 and a beta of 0.85. The company has a 50-day simple moving average of $156.06 and a 200-day simple moving average of $153.26.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, analysts predict that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Texas Permanent School Fund Corp grew its stake in shares of Take-Two Interactive Software by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 32,779 shares of the company’s stock worth $4,867,000 after purchasing an additional 121 shares in the last quarter. ORG Partners LLC boosted its holdings in Take-Two Interactive Software by 5,533.3% in the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Take-Two Interactive Software by 4.0% during the 1st quarter. Empirical Finance LLC now owns 5,017 shares of the company’s stock valued at $745,000 after acquiring an additional 193 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Take-Two Interactive Software by 11.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 51,967 shares of the company’s stock worth $7,717,000 after purchasing an additional 5,454 shares during the last quarter. Finally, Highland Capital Management LLC raised its holdings in Take-Two Interactive Software by 16.5% in the 1st quarter. Highland Capital Management LLC now owns 46,096 shares of the company’s stock valued at $6,845,000 after acquiring an additional 6,531 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.