Exclusive: Could Take-Two Interactive Software, Inc. Decline After Today’s Huge Increase?

Exclusive: Could Take Two Interactive Software, Inc. Decline After Today's Huge Increase?

The stock of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is a huge mover today! About 6.07 million shares traded hands or 214.51% up from the average. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 17.93% since April 1, 2016 and is uptrending. It has outperformed by 16.71% the S&P500.
The move comes after 8 months positive chart setup for the $4.15B company. It was reported on Nov, 3 by Barchart.com. We have $74.18 PT which if reached, will make NASDAQ:TTWO worth $2.37 billion more.

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 given on Tuesday, August 11 by Brean Capital. Piper Jaffray maintained it with “Overweight” rating and $37 target price in Tuesday, August 11 report. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, April 27. The firm earned “Neutral” rating on Thursday, February 4 by Wedbush. The firm has “Buy” rating given on Thursday, February 4 by M Partners. The firm has “Buy” rating given on Tuesday, August 9 by Jefferies. Mizuho maintained the stock with “Buy” rating in Friday, November 6 report. The firm earned “Buy” rating on Thursday, September 3 by BTIG Research.

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 increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio increased, 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.
Bnp Paribas Arbitrage owns 67,398 shares or 0.01% of their US portfolio. Legal General Grp Public Ltd Co reported 18,399 shares or 0% of all its holdings. Fmr Lc has 0% invested in the company for 611,000 shares. Pinebridge Invests L P holds 10,758 shares or 0.02% of its portfolio. Employees Retirement System Of Texas holds 76,000 shares or 0.04% of its portfolio. Airain Ltd holds 0.43% or 194,458 shares in its portfolio. Susquehanna Intll Group Llp accumulated 166,233 shares or 0% of the stock. Cetera Ltd Liability Company accumulated 0.03% or 9,919 shares. Moreover, Howard Hughes Med Institute has 0.31% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 24,464 shares. Moreover, Ims has 0.65% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 14,640 shares. Moreover, Gemmer Asset Mngmt Llc has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 154 shares. Federated Invsts Inc Pa holds 3,815 shares or 0% of its portfolio. Moreover, Paloma Prns Management has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 11,230 shares. Majedie Asset Ltd has 225,060 shares for 1.41% of their US portfolio. Moreover, Northern Trust Corp has 0.02% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 1.91M shares.

Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 9 selling transactions for $31.23 million net activity. ZELNICK STRAUSS also sold $11.84 million worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Friday, May 20. 368,168 shares were sold by Slatoff Karl, worth $13.39M on Friday, May 20. Emerson Daniel P had sold 16,348 shares worth $640,163 on Wednesday, June 8. 11,500 Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares with value of $456,113 were sold by Dornemann Michael. Sheresky Michael had sold 532 shares worth $21,780. $389,000 worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares were sold by Moses Jon J.

More important recent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news were published by: Businesswire.com which released: “Take-Two Interactive Software, Inc. to Present at Credit Suisse Technology …” on November 01, 2016, also Investorplace.com published article titled: “Why Hasbro, Inc. (HAS), Take-Two Interactive Software, Inc. (TTWO) And United …”, Seekingalpha.com published: “A Long Case For Take-Two Interactive Software, Inc.” on October 20, 2016. More interesting news about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was released by: Businesswire.com and their article: “Take-Two Interactive Software, Inc. to Report Fiscal Second Quarter 2017 …” with publication date: October 05, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: ,

Related posts

Leave a Comment