Take-Two Interactive Software Delivers Lighter-Than-Expected Sales

Take-Two Beats Q4 Estimates Pushes Back 2K Game Analysts Weigh In

Take-Two Interactive reported earnings per share of $0.83 during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.9%. (NASDAQ:TTWO) by some 23,652,001 shares, 243 decreased positions by 20,706,265 and 61 held positions by 63,049,809. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.84 by $0.34. Cerebellum GP LLC bought a new position in shares of Take-Two Interactive during the 4th quarter worth about $133,000. Millennium Mngmt Limited Liability has invested 0.04% in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) or 252,197 shares.

On 11/9/2017 Strauss Zelnick, CEO, sold 31,004 with an average share price of $116.49 per share and the total transaction amounting to $3,611,655.96.

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) disappointed on the revenue front in its latest quarterly earnings report, but the company was able to beat expectations on earnings.

Take-Two Interactive Software, Inc.

Despite the disappointing revenue in Q1, a trio of Wall Street firms have hiked price targets for Take-Two while sticking to buy ratings. Therefore 80% are positive. The company is expected to announce its next earnings report after the market closes on Wednesday, May 16th. The stock now has a consensus rating of "Buy" and a consensus target price of $128.55. The firm earned "Neutral" rating on Friday, February 9 by Hilliard Lyons. Take-Two has $150 highest and $12700 lowest target. Stifel Nicolaus maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) rating on Monday, April 30. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.28 average brokerage recommendation. The firm has "Overweight" rating by Morgan Stanley given on Thursday, April 19. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the stock. As per Thursday, February 8, the company rating was maintained by Credit Suisse. On Friday, April 6 the stock rating was maintained by Piper Jaffray with "Buy". Wedbush set a $126.00 price target on shares of Take-Two Interactive and gave the stock a "hold" rating in a research report on Thursday, February 8th. During the regular session, the stock slipped 0.4% to 113.07. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.90% with $112.88 Million sitting short, betting on future declines. It has outperformed by 55.84% the S&P500.

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for clients worldwide. The public company has 114.30M shares outstanding now, as well as a market cap of $12.92B. The company offers its products under the Rockstar Games and 2K labels. It has a 69.87 P/E ratio. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.

More notable recent Take-Two Interactive Software, Inc. Finally, Oakbrook Investments LLC boosted its holdings in Take-Two Interactive by 7.0% in the fourth quarter. (NASDAQ:TTWO)'s Williams Percent Range, or 14-day Williams %R, is sitting at 18.98 at the time of writing.

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