TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Cut to “Hold” at Jefferies Financial Group

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Jefferies Financial Group lowered shares of TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) from a buy rating to a hold rating in a report released on Thursday morning, BenzingaRatingsTable reports. Jefferies Financial Group currently has $115.00 target price on the stock, down from their previous target price of $135.00.

Several other analysts have also recently issued reports on TTWO. Credit Suisse Group set a €19.00 ($22.09) target price on K&S and gave the stock a neutral rating in a research report on Tuesday, May 14th. KeyCorp cut their target price on TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an overweight rating for the company in a research report on Tuesday, May 14th. SunTrust Banks initiated coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Wednesday, June 26th. They set a buy rating and a $125.00 target price for the company. BMO Capital Markets set a C$7.00 target price on Corus Entertainment and gave the stock a market perform rating in a research report on Tuesday, June 4th. Finally, ValuEngine cut Verso from a hold rating to a sell rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $123.82.

NASDAQ TTWO opened at $116.46 on Thursday. The stock has a 50-day moving average of $111.60. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $84.41 and a 52 week high of $139.91. The company has a market capitalization of $13.11 billion, a P/E ratio of 26.65, a P/E/G ratio of 3.63 and a beta of 0.80.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.07). TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 25.62% and a net margin of 12.51%. The company had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. During the same period last year, the business earned $0.70 EPS. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 2.91 earnings per share for the current fiscal year.

In other news, CEO Strauss Zelnick sold 25,000 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $108.74, for a total value of $2,718,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $109.92, for a total value of $962,679.36. The disclosure for this sale can be found here. Insiders have sold a total of 33,993 shares of company stock valued at $3,706,028 in the last 90 days. 1.07% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 8.6% in the 4th quarter. FMR LLC now owns 3,871,977 shares of the company’s stock worth $398,581,000 after purchasing an additional 307,032 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 42.4% in the 1st quarter. JPMorgan Chase & Co. now owns 3,699,665 shares of the company’s stock worth $349,137,000 after purchasing an additional 1,101,453 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 1,548,646 shares of the company’s stock worth $159,151,000 after purchasing an additional 141,833 shares during the period. American Century Companies Inc. boosted its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 5.9% in the 4th quarter. American Century Companies Inc. now owns 1,461,429 shares of the company’s stock worth $150,440,000 after purchasing an additional 80,815 shares during the period. Finally, Norges Bank purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $108,310,000. Hedge funds and other institutional investors own 93.73% 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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