Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) has received a consensus “moderate buy” recommendation from the twenty-six analysts who cover the stock, reports Marketbeat Ratings. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The 1-year average price target among brokerages that have covered the stock over the past year is $176.48.

A number of research analysts have commented on the company. Barclays lowered its target price on Take-Two Interactive Software to $171.00 in a Friday May 27 research note. MKM Partners reduced its price target on Take-Two Interactive Software to $180.00 and gave the company a “na” rating in a Tuesday, May 17 research note. Ascendant Capital Markets set a target price of $160.00 on Take-Two Interactive Software in a Monday, June 20 research note. Bank of America assumed coverage from Take-Two Interactive Software in a Wednesday, April 6 research note. They set a “buy” rating for the company. Finally, Wells Fargo & Company reduced its target price on Take-Two Interactive Software to $185.00 and set a “na” rating for the company in a Wednesday, May 18 research note.

Insider Buying and Selling at Take-Two Interactive Software

Separately, insider Daniel P. Emerson sold 3,381 shares of Take-Two Interactive Software in a trade dated Wednesday, June 15. The stock was sold at an average price of $124.23, for a total value of $420,021.63. Following the sale, the insider now owns 92,191 shares of the company, valued at $11,452,887.93. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. In other news, insider Daniel P. Emerson sold 3,125 shares of Take-Two Interactive Software in a trade that took place on Monday, June 6. The shares were sold at an average price of $127.78, for a total value of $399,312.50. Following the completion of the sale, the insider now directly owns 95,572 shares of the company, valued at $12,212,190.16. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, insider Daniel P. Emerson sold 3,381 shares of Take-Two Interactive Software in a trade that took place on Wednesday, June 15. The shares were sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the sale, the insider now owns 92,191 shares of the company, valued at $11,452,887.93. The disclosure of this sale can be found here. Insiders of the company own 1.13% of the shares of the company.

Institutional entries and exits

Institutional investors have recently increased or reduced their stake in the company. Envestnet Asset Management Inc. increased its stake in shares of Take-Two Interactive Software by 83.5% in the second quarter. Envestnet Asset Management Inc. now owns 168,101 shares of the company worth $20,597,000 after purchasing an additional 76,496 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings of Take-Two Interactive Software shares by 2,500.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 208 shares of the company worth $25,000 after acquiring 200 more shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Take-Two Interactive Software by 10.7% in the second quarter. Van ECK Associates Corp now owns 369,496 shares of the company worth $45,274,000 after acquiring 35,658 additional shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Take-Two Interactive Software by 7.1% in Q2. Stephens Investment Management Group LLC now owns 510,685 shares of the company valued at $62,574,000 after purchasing an additional 33,725 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in Take-Two Interactive Software shares by 1.5% during the second quarter. Kornitzer Capital Management Inc. KS now owns 147,447 shares of the company valued at $18,067,000 after acquiring an additional 2,240 shares during the period. 88.08% of the shares are currently held by institutional investors and hedge funds.

Take-Two interactive software trades up 2.5%

NASDAQ:TTWO opened at $129.81 on Thursday. The company has a market capitalization of $15.03 billion, a price/earnings ratio of 36.26, a PEG ratio of 1.44 and a beta of 0.74. Take-Two Interactive Software has a 1-year minimum of $101.85 and a 1-year maximum of $195.82. The company’s fifty-day moving average price is $126.97 and its 200-day moving average price is $139.55.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly results on Monday, May 16. The company reported earnings per share of $0.87 for the quarter, beating the consensus estimate of $0.71 by $0.16. Take-Two Interactive Software achieved a return on equity of 12.63% and a net margin of 11.93%. The company posted revenue of $845.78 million for the quarter, versus analyst estimates of $884.62 million. In the same period a year earlier, the company earned earnings per share of $1.66. Take-Two Interactive Software’s quarterly revenue increased 7.8% year over year. Stock analysts expect Take-Two Interactive Software to post earnings per share of 4.09 for the current year.

Take-Two Interactive Software Company Profile

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Take-Two Interactive Software, Inc. develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the names Rockstar Games, 2K, Private Division and T2 Mobile Games. It develops and publishes action/adventure products under the names Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully and Manhunt franchises.

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