Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells $4,634,210.22 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 21,102 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the transaction, the insider directly owned 131,668 shares in the company, valued at $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $214.39 on Friday. The firm has a market capitalization of $39.81 billion, a price-to-earnings ratio of -132.34, a price-to-earnings-growth ratio of 3.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The stock’s fifty day moving average is $215.54 and its 200-day moving average is $224.26.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTWO. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company lowered their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $287.06.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $28,000. MV Capital Management Inc. acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $34,000. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $34,000. Finally, True Wealth Design LLC grew its holdings in Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after acquiring an additional 68 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.