Benchmark Co. reissued their buy rating on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a research note issued to investors on Wednesday morning. Benchmark Co. currently has a $100.00 target price on the stock, up from their previous target price of $85.00.

A number of other equities analysts also recently weighed in on TTWO. KeyCorp set a $104.00 price target on Take-Two Interactive Software and gave the stock a buy rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a buy rating and set a $108.00 price target (up previously from $91.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Piper Jaffray Companies reissued an overweight rating and set a $100.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Cowen and Company reissued an outperform rating and set a $83.00 price target (up previously from $79.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a buy rating and set a $96.00 price target (up previously from $87.00) on shares of Take-Two Interactive Software in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Take-Two Interactive Software presently has an average rating of Buy and an average price target of $85.22.

Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.11% during mid-day trading on Wednesday, reaching $89.30. The company’s stock had a trading volume of 1,100,720 shares. The stock has a market cap of $9.33 billion, a PE ratio of 52.72 and a beta of 0.83. The company has a 50 day moving average of $79.07 and a 200-day moving average of $67.10. Take-Two Interactive Software has a 52-week low of $40.63 and a 52-week high of $92.22.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.25. The firm had revenue of $348.30 million for the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) earnings per share. Equities analysts forecast that Take-Two Interactive Software will post $2.16 earnings per share for the current year.

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In related news, Director Michael Dornemann sold 7,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.80, for a total transaction of $614,600.00. Following the sale, the director now owns 9,394 shares of the company’s stock, valued at $824,793.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel P. Emerson sold 5,884 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total value of $451,185.12. Following the sale, the vice president now directly owns 117,019 shares in the company, valued at approximately $8,973,016.92. The disclosure for this sale can be found here. Insiders have sold 146,840 shares of company stock worth $12,280,114 in the last three months. 1.55% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Take-Two Interactive Software by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 9,750 shares of the company’s stock worth $715,000 after buying an additional 39 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Take-Two Interactive Software by 0.3% in the first quarter. Profund Advisors LLC now owns 16,831 shares of the company’s stock worth $998,000 after buying an additional 45 shares in the last quarter. Cigna Investments Inc. New increased its stake in shares of Take-Two Interactive Software by 1.3% in the second quarter. Cigna Investments Inc. New now owns 3,971 shares of the company’s stock worth $291,000 after buying an additional 52 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Take-Two Interactive Software by 1.8% in the second quarter. First Citizens Bank & Trust Co. now owns 7,194 shares of the company’s stock worth $528,000 after buying an additional 129 shares in the last quarter. 97.30% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

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.

Analyst Recommendations for Take-Two Interactive Software (NASDAQ:TTWO)

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