Take-Two (NASDAQ:TTWO) Rating Maintained
Take-Two (NASDAQ:TTWO) had its stock rating noted as Overweight by analysts at Barclays. Barclays currently has a $128.0 TP on the $12.51B market cap company or 23.66 % upside potential. This was revealed to clients and investors in analysts report on Thursday morning.
NASDAQ:TTWO is now trading -1.36% lower at $109.68 as of 2:04 PM New York time. Take-Two’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 6.00% over the same time.
Out of 15 brokers covering Take-Two, 11 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $48 and the lowest is $30.5 according to Thomson/First Call. The 12-month mean target is $41.17, which means downside potential of 62.46% over the current price.
Shannon River Fund Management Llc had the largest stake with ownership of 658,676 shares as of Q2 2015 for 8.27% of the US equity exposure. Lomas Capital Management Llc is another quite bullish institutional investor who is having 697,741 shares of Take-Two or 7.02% of their US equity exposure. In addition, Act Ii Management Lp have 6.54% of their US equity exposure invested in the company for 196,200 shares. The New York-based fund Palestra Capital Management Llc revealed it had acquired a stake worth about 4.24% of the institutional investor’s stock portfolio in Take-Two. The New York-based fund Tiger Eye Capital Llc is also positive about the stock, possessing 990,000 shares or 4.1% of their US equity exposure.
Take-Two (NASDAQ:TTWO) Profile
Take-Two Interactive Software, Inc. is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment.
Take-Two (NASDAQ:TTWO) traded down -1.36% on 8 February, hitting $109.68. A total of 946,862 shares of the company’s stock traded hands. This is down from average of 2.90 million shares. Take-Two has a 52 week low of $48.58 and a 52 week high of $120.62. The company has a market cap of $12.51B and a P/E ratio of 100.28.
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