TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was downgraded by stock analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, MarketBeat.com reports.

Several other equities research analysts have also recently issued reports on TTWO. ValuEngine cut TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “hold” rating in a research note on Saturday, January 4th. BidaskClub upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Morgan Stanley boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. SunTrust Banks reiterated a “buy” rating and issued a $133.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Friday, November 22nd. Finally, BMO Capital Markets boosted their price target on TAKE-TWO INTERACTIVE SOFTWARE to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $132.79.

Shares of TTWO stock traded down $0.18 during trading on Tuesday, hitting $126.77. The company had a trading volume of 13,611 shares, compared to its average volume of 997,719. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.46 and a current ratio of 1.48. The firm has a market capitalization of $14.41 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 3.13 and a beta of 0.69. The stock’s 50-day moving average price is $123.50 and its 200 day moving average price is $123.31. TAKE-TWO INTERACTIVE SOFTWARE has a one year low of $84.41 and a one year high of $135.70.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.78. The business had revenue of $950.50 million during the quarter, compared to analysts’ expectations of $926.91 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 26.81% and a net margin of 11.14%. The firm’s revenue for the quarter was up 62.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. On average, research analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 3.22 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,883,660 shares of the company’s stock valued at $1,349,152,000 after acquiring an additional 158,269 shares during the last quarter. State Street Corp lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 1.6% in the 3rd quarter. State Street Corp now owns 5,108,634 shares of the company’s stock valued at $640,316,000 after acquiring an additional 80,138 shares during the last quarter. Invesco Ltd. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,656,054 shares of the company’s stock valued at $528,602,000 after acquiring an additional 467,758 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 21.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,075,167 shares of the company’s stock valued at $385,441,000 after acquiring an additional 538,535 shares during the last quarter. Finally, Waddell & Reed Financial Inc. lifted its stake in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.3% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,048,180 shares of the company’s stock valued at $232,530,000 after acquiring an additional 6,912 shares during the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

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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