TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its price target lowered by MKM Partners to $115.00 in a report issued on Thursday, The Fly reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Buckingham Research restated a buy rating and set a $130.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, December 18th. Benchmark increased their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the stock a buy rating in a research note on Thursday. Credit Suisse Group lowered their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $126.00 to $112.00 and set a neutral rating on the stock in a research note on Thursday. Robert W. Baird lowered their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE to $114.00 and set an outperform rating on the stock in a research note on Thursday. Finally, ValuEngine lowered shares of TAKE-TWO INTERACTIVE SOFTWARE from a buy rating to a hold rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. TAKE-TWO INTERACTIVE SOFTWARE currently has an average rating of Buy and a consensus target price of $136.90.

Shares of TTWO opened at $97.14 on Thursday. TAKE-TWO INTERACTIVE SOFTWARE has a 12 month low of $91.49 and a 12 month high of $139.91. The firm has a market cap of $10.99 billion, a PE ratio of 55.51, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $3.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $1.17. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $1.12 EPS. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 139.9% on a year-over-year basis. Research analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 3.37 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in TTWO. FMR LLC lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 35.1% during the 3rd quarter. FMR LLC now owns 3,564,945 shares of the company’s stock valued at $491,927,000 after purchasing an additional 926,316 shares during the last quarter. Congress Asset Management Co. MA bought a new position in TAKE-TWO INTERACTIVE SOFTWARE during the 3rd quarter valued at about $91,225,000. Marshall Wace LLP lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 132.3% during the 3rd quarter. Marshall Wace LLP now owns 899,888 shares of the company’s stock valued at $124,176,000 after purchasing an additional 512,445 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 26.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,318,865 shares of the company’s stock valued at $319,980,000 after purchasing an additional 489,197 shares during the last quarter. Finally, FIL Ltd lifted its holdings in TAKE-TWO INTERACTIVE SOFTWARE by 2,484.7% during the 3rd quarter. FIL Ltd now owns 446,794 shares of the company’s stock valued at $61,653,000 after purchasing an additional 429,508 shares during the last quarter. 90.40% of the stock is owned by hedge funds and other institutional investors.

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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