Published: Fri, May 18, 2018
Entertaiment | By Mabel Barber

Take-Two stock falls after earnings, weak guidance

The difference between the expected and actual EPS was $0.14/share, which represents an Earnings surprise of 14.3%.

TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock shares were trading at $113.95 per share on Thursday afternoon, up $0.88 (+0.78%). Take-Two had 13 analyst reports since December 18, 2017 according to SRatingsIntel.

While looking at the Stock's Performance, Take-Two Interactive Software Inc. now shows a Weekly Performance of -2.52%, where Monthly Performance is 10.63%, Quarterly performance is 6.11%, 6 Months performance is -4.39% and yearly performance percentage is 60.68%. Bfsg LLC now owns 2,859 shares of the company's stock worth $314,000 after purchasing an additional 598 shares during the last quarter.

Take-Two said net bookings were $411 million, up 1% year over year, in its fiscal fourth quarter ended March 31.

Today, Benchmark reiterated its Positive ➝ Buy rating on NASDAQ:TTWO - Take-Two Interactive (NASDAQ:TTWO) with a price target of $130.00 ➝ $135.00. (NASDAQ:TTWO). Robeco Institutional Asset Mgmt Bv reported 72,993 shares. Take-Two Interactive had a return on equity of 27.78% and a net margin of 9.43%.

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Institutional investors now hold around $12.19 billion or 93.8% in TTWO stock. Wedbush raised shares of Take-Two Interactive from a "neutral" rating to an "outperform" rating and set a $126.00 price objective on the stock in a report on Monday, April 30th. BidaskClub upgraded Take-Two Interactive from a "sell" rating to a "hold" rating in a research report on Thursday, May 3rd. Four investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and an average target price of $125.35. Also, CEO Strauss Zelnick sold 252,197 shares of Take-Two Interactive stock in a transaction that occurred on Wednesday, April 4th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

On 2/16/2018 Michael Sheresky, Director, sold 428 with an average share price of $108.11 per share and the total transaction amounting to $46,271.08. The stock was sold at an average price of $93.95, for a total transaction of $1,152,108.85. The disclosure for this sale can be found here. Louisiana State Employees Retirement System now owns 28,900 shares of the company's stock valued at $3,173,000 after purchasing an additional 500 shares in the last quarter.

Large investors have recently bought and sold shares of the company. Bfsg LLC boosted its holdings in Take-Two Interactive by 26.4% in the fourth quarter. Over the last three months, insiders sold 492,559 shares of company stock worth $47,115,477. Global X Management Co. On Monday, April 2 Slatoff Karl sold $24.12M worth of Take-Two Interactive Software, Inc. Finally, US Bancorp DE increased its holdings in Take-Two Interactive by 42.8% during the 4th quarter. The institutional investor owned 101,685 shares of the company's stock after selling 41,160 shares during the quarter. Millennium Mngmt Limited Liability has invested 0.04% in Take-Two Interactive Software, Inc. 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. Take-Two has $150 highest and $12700 lowest target. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.01. (TTWO) now trades with a market capitalization of $12.92 Billion.

For Take-Two Interactive Software, Inc., specifically, the RSI metric has reached 64.00.

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