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Take-Two Interactive Software, Inc. (NASDAQ:TTWO)‘s stock had its “hold” rating reissued by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. They currently have a $73.00 target price on the stock. Credit Suisse Group’s price objective suggests a potential downside of 8.42% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 target price (up previously from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Bank of America Corporation lifted their target price on Take-Two Interactive Software from $67.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Benchmark Co. reaffirmed a “buy” rating and set a $85.00 target price (up previously from $77.00) on shares of Take-Two Interactive Software in a research report on Wednesday, May 24th. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Finally, MKM Partners reiterated a “buy” rating and set a $80.00 price target (up from $63.00) on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Take-Two Interactive Software has an average rating of “Buy” and an average target price of $73.29.

Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up 0.56% during midday trading on Wednesday, hitting $80.16. The stock had a trading volume of 644,026 shares. Take-Two Interactive Software has a 52 week low of $40.00 and a 52 week high of $82.79. The company’s 50 day moving average is $75.43 and its 200 day moving average is $64.47. The firm has a market cap of $7.88 billion, a P/E ratio of 112.11 and a beta of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Tuesday, May 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $354.10 million. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. Take-Two Interactive Software’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities analysts predict that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 35,000 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $78.53, for a total value of $2,748,550.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel P. Emerson sold 5,884 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $451,185.12. Following the completion of the sale, the vice president now owns 117,019 shares in the company, valued at $8,973,016.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,840 shares of company stock worth $4,644,614. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $32,888,000. Quadrature Capital Ltd boosted its position in shares of Take-Two Interactive Software by 16.8% in the fourth quarter. Quadrature Capital Ltd now owns 29,902 shares of the company’s stock valued at $1,474,000 after buying an additional 4,309 shares during the period. Teachers Advisors LLC boosted its position in shares of Take-Two Interactive Software by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 632,517 shares of the company’s stock valued at $31,177,000 after buying an additional 29,588 shares during the period. Macquarie Group Ltd. boosted its position in shares of Take-Two Interactive Software by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 42,900 shares of the company’s stock valued at $2,115,000 after buying an additional 7,600 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Take-Two Interactive Software by 190.0% in the first quarter. Bank of Montreal Can now owns 122,298 shares of the company’s stock valued at $7,248,000 after buying an additional 80,128 shares during the period. Hedge funds and other institutional investors own 99.80% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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Source:-weekherald