Jefferies Maintains Take-Two Interactive Software to Buy with Price Target $48.00

Brokerage firm Jefferies Maintains its rating on Take-Two Interactive Software(NASDAQ:TTWO). In a research note issued to the investors, the brokerage major Raises the price-target to $48.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 9, 2016.

In a different note, On May 19, 2016, Jefferies said it Maintains its rating on Take-Two Interactive Software. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm.

Take-Two Interactive Software (TTWO) shares turned negative on Wednesdays trading session with the shares closing down -0.16 points or -0.39% at a volume of 19,30,678. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.24. The peak price level was also seen at $42.24 while the days lowest was $40.85. Finally the shares closed at $41.06. The 52-week high of the shares is $42.98 while the 52-week low is $25.01. According to the latest information available, the market cap of the company is $3,532 M.

Take-Two Interactive Software(TTWO) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $272.56M. Analysts had an estimated revenue of $258.46M. Earnings per share were $-0.21. Analysts had estimated an EPS of $-0.30.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Michael Dornemann (director) sold 11,500 shares at $39.66 per share price.Also, On Jun 10, 2016, Strauss Zelnick (Chairman, CEO) sold 50,000 shares at $39.14 per share price.On Jun 10, 2016, Daniel P Emerson (Exec. VP and General Counsel) sold 16,348 shares at $39.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Take-Two Interactive Software Inc. is a developer publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company 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’s PlayStation 3 and PlayStation 4 Microsoft’s Xbox 360 and Xbox One and personal computers including Smartphone’s and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto as well as other franchises including L.A. Noire Max Payne Midnight Club and Red Dead. The Company’s 2K publishes owned and licensed titles across a range of genres including shooter action role-playing strategy sports and family/casual.

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