Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 744 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 744 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the transaction, the insider owned 112,327 shares in the company, valued at approximately $24,378,328.81. The trade was a 0.66% decrease in their position. The sale was disclosed in a filing 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 Trading Up 0.3%

NASDAQ TTWO opened at $214.69 on Friday. The company has a market cap of $40.14 billion, a price-to-earnings ratio of -124.10, a P/E/G ratio of 1.42 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The business has a 50 day moving average price of $240.00 and a 200-day moving average price of $223.31. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned ($0.07) earnings per share. Take-Two Interactive Software’s revenue for the quarter was down 2.1% compared to the same quarter last year. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, equities analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTWO shares. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their price objective on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $296.95.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds have recently bought and sold shares of TTWO. California State Teachers Retirement System raised its holdings in shares of Take-Two Interactive Software by 21,833.4% in the second quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company’s stock valued at $16,450,993,000 after purchasing an additional 65,509,194 shares during the last quarter. BlackRock Inc. purchased a new position in Take-Two Interactive Software during the second quarter worth about $4,560,679,000. State Street Corp grew its position in Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after purchasing an additional 390,331 shares in the last quarter. Geode Capital Management LLC grew its position in Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after purchasing an additional 60,893 shares in the last quarter. Finally, Invesco Ltd. grew its position in Take-Two Interactive Software by 0.6% in the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after purchasing an additional 16,758 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.