TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO)’s share price fell 7% during trading on Wednesday . The stock traded as low as $99.72 and last traded at $99.81. 3,734,863 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 2,562,364 shares. The stock had previously closed at $107.33.

Several research firms have commented on TTWO. BidaskClub downgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Barclays set a $144.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a research note on Thursday, November 8th. Buckingham Research reiterated a “buy” rating and set a $130.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, December 18th. Stephens started coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Thursday, January 10th. They set an “overweight” rating and a $138.00 target price for the company. Finally, Zacks Investment Research cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $142.22.

The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 57.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 18.08%. The firm had revenue of $583.42 million during the quarter, compared to analysts’ expectations of $549.87 million. During the same period in the previous year, the company earned $1.09 earnings per share. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.37 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in TTWO. IFM Investors Pty Ltd boosted its position in TAKE-TWO INTERACTIVE SOFTWARE by 13.8% during the fourth quarter. IFM Investors Pty Ltd now owns 6,579 shares of the company’s stock worth $677,000 after acquiring an additional 798 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 62.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 60,696 shares of the company’s stock worth $6,248,000 after purchasing an additional 23,368 shares during the period. Lavaca Capital LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $25,000. Landsberg Bennett & Dubbaneh LLC purchased a new position in TAKE-TWO INTERACTIVE SOFTWARE during the fourth quarter worth approximately $1,546,000. Finally, TCI Wealth Advisors Inc. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 348.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 278 shares of the company’s stock worth $29,000 after purchasing an additional 216 shares during the period. 90.47% of the stock is owned by institutional investors and hedge funds.

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About TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

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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