Downgrade Harm Take-Two (NASDAQ:TTWO) Stock?

Doris Richards
December 11, 2017

The Hodges Capital Management Inc holds 33,797 shares with $2.26M value, up from 28,790 last quarter. Take now has $12.18B valuation.

The stock increased 0.05% or $0.06 during the last trading session, reaching $122.87. 1,725,484 shares of the company were exchanged, compared to its average volume of 2,602,451. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 81.23% since December 10, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

United Technologies Corporation provides technology services and products to building systems and aerospace industries worldwide. Modera Wealth Management Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $884.51 billion market cap company. The Company's Otis segment designs, makes, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and fix services. It has a 88.42 P/E ratio. The companyÂ's UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications. The stock increased 3.07% or $0.08 during the last trading session, reaching $2.69. BioScrip, Inc. (NASDAQ:BIOS) has declined 29.17% since December 11, 2016 and is downtrending. It has outperformed by 45.78% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $0.84 earnings per share, up 18.31 % or $0.13 from last year's $0.71 per share. UTX's profit will be $1.25 billion for 19.69 P/E if the $1.56 EPS becomes a reality. Nationwide Fund Advisors holds 570,191 shares or 0.17% of its portfolio. Majedie Asset Management Ltd sold 112,534 shares as the company's stock rose 13.22% with the market. The institutional investor acquired 2,592 shares of the company's stock, valued at approximately $265,000. The New York-based Palestra Capital Management Llc has invested 5.08% in the stock. Twin Tree Lp, a Texas-based fund reported 14,920 shares.

Ratings analysis reveals 29% of United Tech's analysts are positive. Buckingham Research upped their price objective on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, November 8th. TTWO traded on a high for the day of 108.96 with a corresponding low of 106.43. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The rating was maintained by Jefferies on Sunday, September 10 with "Buy". (NASDAQ:TTWO) has "Hold" rating given on Thursday, August 3 by Robert W. Baird. The firm has "Hold" rating by Deutsche Bank given on Monday, December 5. On Monday, July 10 the stock rating was maintained by Stifel Nicolaus with "Buy". The rating was downgraded by Cowen & Co on Monday, October 9 to "Market Perform". The rating was downgraded by Argus Research on Thursday, January 26 to "Hold". (NASDAQ:TTWO) on December 8, 2017 saw a modest increase, closing the day at $106.54, or a increase of $0.27 or (0.25%).Volume levels waned and TTWO actually managed a declined which translated to 1.73 million shares changing hands on the day. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.33 and a quick ratio of 1.31. Pittenger & Anderson Inc. increased its holdings in shares of Take-Two Interactive Software by 124.1% during the 3rd quarter. Pnc Fincl Services Gp reported 110,902 shares or 0.01% of all its holdings. Soros Fund Limited Liability holds 211,300 shares or 0.28% of its portfolio. Oppenheimer also issued estimates for Take-Two Interactive Software's Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.27 EPS.

Zacks Investment Research cut shares of Take-Two Interactive Software (NASDAQ:TTWO) from a strong-buy rating to a hold rating in a report issued on Monday, November 27th. (NASDAQ:TTWO) for 280,675 shares. (NASDAQ:TTWO). Pictet Asset Ltd stated it has 279,793 shares. Pittenger & Anderson Inc. now owns 1,625 shares of the company's stock worth $166,000 after purchasing an additional 900 shares during the period. Credit Agricole S A reported 79,824 shares. On November 15, 2017, Robert A Bowman executed a direct buy involving 653 shares. Martingale Asset LP owns 0.04% invested in Take-Two Interactive Software, Inc. Cibc Ww Markets reported 6,930 shares or 0.01% of all its holdings. South State reported 12,700 shares. Parallax Volatility Advisers LP owns 3,038 shares. State Treasurer State Of Michigan owns 0.02% invested in Take-Two Interactive Software, Inc.

In other news, Director Michael Dornemann sold 5,500 shares of the company's stock in a transaction dated Monday, November 13th. Prudential Financial reported 0.01% of its portfolio in Take-Two Interactive Software, Inc. E Trade Financial Corp (NASDAQ:ETFC) was reduced too. Therefore 79% are positive. More interesting news about Take-Two Interactive Software, Inc. The stock has an average rating of "Buy" and a consensus price target of $72.41. BioScrip had 12 analyst reports since August 11, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of TTWO in report on Thursday, August 3 with "Buy" rating. Jefferies maintained the shares of TTWO in report on Wednesday, November 8 with "Buy" rating. Cowen & Co upgraded the shares of UTX in report on Thursday, July 23 to "Outperform" rating.

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The firm earned "Buy" rating on Wednesday, November 8 by Jefferies. Creative Planning grew its holdings in shares of Take-Two Interactive Software by 338.7% in the second quarter. (NASDAQ:TTWO) earned "Buy" rating by KeyBanc Capital Markets on Thursday, September 7. As per Friday, September 4, the company rating was maintained by BMO Capital Markets. The correct version of this news story can be accessed at (NASDAQ:TTWO) on Tuesday, August 11 with "Overweight" rating. (NASDAQ:BIOS) on Wednesday, August 12 with "Buy" rating.

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