Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells $1,016,370.00 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 4,419 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the sale, the insider owned 113,988 shares in the company, valued at approximately $26,217,240. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Trading Up 4.9%

Shares of TTWO traded up $11.25 during midday trading on Thursday, hitting $239.28. The stock had a trading volume of 7,160,071 shares, compared to its average volume of 2,236,050. The business has a 50-day simple moving average of $218.81 and a two-hundred day simple moving average of $222.89. The firm has a market cap of $44.43 billion, a P/E ratio of -147.70, a price-to-earnings-growth ratio of 4.55 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after acquiring an additional 45 shares during the last quarter. First Horizon Corp boosted its position in Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC boosted its position in Take-Two Interactive Software by 0.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after purchasing an additional 48 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after purchasing an additional 48 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Take-Two Interactive Software by 5.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,007 shares of the company’s stock valued at $260,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TTWO shares. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday. 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. Finally, DA Davidson reissued a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

About Take-Two Interactive Software

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.