TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Given New $145.00 Price Target at Morgan Stanley

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price hoisted by investment analysts at Morgan Stanley from $140.00 to $145.00 in a research report issued on Tuesday, October 15th, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 23.97% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Credit Suisse Group raised their price objective on shares of TAKE-TWO INTERACTIVE SOFTWARE from $118.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Jefferies Financial Group increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. They noted that the move was a valuation call. BidaskClub upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. KeyCorp increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $132.22.

TTWO stock traded up $0.05 during trading on Tuesday, reaching $116.96. The stock had a trading volume of 3,429,400 shares, compared to its average volume of 1,983,688. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06. TAKE-TWO INTERACTIVE SOFTWARE has a 1-year low of $84.41 and a 1-year high of $135.70. The firm has a fifty day moving average price of $122.65 and a 200 day moving average price of $117.44. The company has a market capitalization of $13.27 billion, a P/E ratio of 30.14, a PEG ratio of 4.36 and a beta of 0.72.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.78. The company had revenue of $950.50 million during the quarter, compared to the consensus estimate of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 10.93% and a return on equity of 23.95%. The firm’s revenue for the quarter was up 62.9% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Sell-side analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.16 EPS for the current year.

In other news, Director Michael Sheresky sold 226 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $126.89, for a total value of $28,677.14. Following the sale, the director now owns 70,137 shares of the company’s stock, valued at $8,899,683.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 4,500 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $126.77, for a total transaction of $570,465.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Cornerstone Advisors Inc. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 121.0% in the second quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the third quarter valued at about $25,000. Squar Milner Financial Services LLC boosted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 475.7% in the third quarter. Squar Milner Financial Services LLC now owns 213 shares of the company’s stock valued at $26,000 after acquiring an additional 176 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at about $28,000. Finally, Phocas Financial Corp. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the second quarter valued at about $28,000. Institutional investors and hedge funds own 92.43% 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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