Trade Report: The Take-Two Interactive Software Inc. (TTWO) Earns Buy Rating from BMO Capital Markets

The Take-Two Interactive Software Inc. (TTWO) Earns Buy Rating from BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of Take-Two Interactive Software Inc. (NASDAQ:TTWO) in a report issued on Tuesday morning. They currently have a $56.00 price target on the stock.

Several other research analysts also recently weighed in on the company. Zacks Investment Research upgraded Take-Two Interactive Software from a hold rating to a strong-buy rating and set a $56.00 price target for the company in a research note on Thursday, November 10th. MKM Partners reiterated a buy rating and set a $55.00 price target (up previously from $52.00) on shares of Take-Two Interactive Software in a research note on Monday, November 7th. Cowen and Company reissued an outperform rating and set a $54.00 price objective (up previously from $51.00) on shares of Take-Two Interactive Software in a report on Sunday, November 6th. Benchmark Co. reissued a buy rating on shares of Take-Two Interactive Software in a report on Sunday, November 6th. Finally, Robert W. Baird reissued a neutral rating and set a $43.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, November 3rd. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Take-Two Interactive Software presently has a consensus rating of Buy and an average target price of $48.71.

Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 48.81 on Tuesday. Take-Two Interactive Software has a 12-month low of $31.36 and a 12-month high of $50.19. The company has a market capitalization of $4.17 billion, a PE ratio of 2568.95 and a beta of 0.92. The stock’s 50 day moving average price is $46.00 and its 200 day moving average price is $42.00.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.16. The company earned $420.20 million during the quarter, compared to the consensus estimate of $1.64 billion. Take-Two Interactive Software had a return on equity of 23.87% and a net margin of 0.12%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts forecast that Take-Two Interactive Software will post $1.73 earnings per share for the current year.

In related news, VP Daniel P. Emerson sold 1,487 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $49.51, for a total transaction of $73,621.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Lainie Goldstein sold 56,167 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $49.76, for a total value of $2,794,869.92. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Seven Bridges Advisors LLC raised its position in Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock valued at $110,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its position in Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock valued at $116,000 after buying an additional 104 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Take-Two Interactive Software by 12.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,907 shares of the company’s stock valued at $131,000 after buying an additional 330 shares during the last quarter. Stephens Inc. AR bought a new position in Take-Two Interactive Software during the third quarter valued at about $203,000. Finally, US Bancorp DE raised its position in Take-Two Interactive Software by 38.0% in the second quarter. US Bancorp DE now owns 5,598 shares of the company’s stock valued at $212,000 after buying an additional 1,542 shares during the last quarter.

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