The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) reached all time high today, Nov, 29 and still has $52.70 target or 5.00% above today’s $50.19 share price. This indicates more upside for the $4.31B company. This technical setup was reported by Barchart.com. If the $52.70 PT is reached, the company will be worth $215.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2.31 million shares traded hands or 4.05% up from the average. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 37.41% since April 26, 2016 and is uptrending. It has outperformed by 32.16% the S&P500.
Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on February, 1. They expect $0.23 earnings per share, down 68.92% or $0.51 from last year’s $0.74 per share. TTWO’s profit will be $19.75 million for 54.54 P/E if the $0.23 EPS becomes a reality. After $0.35 actual earnings per share reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts -34.29% negative EPS growth.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Ratings Coverage
Out of 11 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. Take-Two Interactive Software has been the topic of 24 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Mizuho given on Friday, November 6. The firm has “Buy” rating given on Tuesday, August 11 by Brean Capital. The rating was upgraded by BTIG Research to “Buy” on Thursday, September 3. As per Thursday, February 4, the company rating was maintained by Wedbush. The rating was initiated by BMO Capital Markets with “Outperform” on Wednesday, April 27. The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) earned “Overweight” rating by Piper Jaffray on Tuesday, August 11. The firm has “Buy” rating given on Tuesday, August 9 by Jefferies. The rating was maintained by M Partners on Thursday, February 4 with “Buy”.
According to Zacks Investment Research, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.05, from 1.03 in 2016Q1. The ratio is negative, as 33 funds sold all Take-Two Interactive Software, Inc. shares owned while 85 reduced positions. 48 funds bought stakes while 73 increased positions. They now own 98.88 million shares or 1.76% more from 97.17 million shares in 2016Q1.
Oxford Asset Management holds 81,805 shares or 0.13% of its portfolio. Moreover, Fin Management Professionals Inc has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 165 shares. Citadel Advsrs Ltd Llc last reported 1.69 million shares in the company. Comerica Bancorporation has invested 0.03% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO). National Bank & Trust Of Ny Mellon Corp accumulated 0.01% or 951,230 shares. Tower Capital Ltd Liability Com (Trc) reported 8,897 shares or 0.03% of all its holdings. Blackrock Inc owns 52,086 shares or 0% of their US portfolio. Massachusetts Fin Services Com Ma, a Massachusetts-based fund reported 677,771 shares. Teacher Retirement Of Texas has 0% invested in the company for 11,820 shares. Moreover, Seven Eight Capital has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 203 shares. Tudor Investment Et Al, a Connecticut-based fund reported 30,423 shares. Comml Bank Of America Corp De holds 1.03 million shares or 0.01% of its portfolio. Mckinley Capital Ltd Llc Delaware owns 140 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa holds 0.01% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 67,398 shares. Renaissance Technologies Ltd Company has invested 0.18% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO).
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 8 insider sales for $8.03 million net activity. ZELNICK STRAUSS had sold 50,000 shares worth $2.06 million on Monday, August 8. $73,627 worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was sold by Emerson Daniel P on Monday, November 7. On Thursday, August 18 Sheresky Michael sold $21,780 worth of the stock or 532 shares. Goldstein Lainie had sold 56,167 shares worth $2.79 million on Monday, November 7. On Thursday, June 9 the insider Dornemann Michael sold $456,113.
Another recent and important Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news was published by Businesswire.com which published an article titled: “Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Second …” on November 02, 2016.
TTWO Company Profile
Take-Two Interactive Software, Inc., incorporated on October 30, 1993, is a developer, publisher and marketer of entertainment for clients around the world. The Firm develops and publishes products through its two labels, Rockstar Games and 2K. It operates through publishing segment. The Firm 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. The Company’s products are designed for console gaming systems, such as Sony Computer Entertainment, Inc.’s PlayStation 3 and PlayStation 4, Microsoft Corporation’s Xbox 360 and Xbox One, and personal computers, including smartphones and tablets. It delivers its products through physical retail, digital download, online platforms and cloud streaming services.
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