Daniel Emerson Sells 917 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total value of $199,585.05. Following the completion of the transaction, the insider owned 113,071 shares of the company’s stock, valued at approximately $24,609,903.15. The trade was a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Stock Performance

Take-Two Interactive Software stock opened at $214.69 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a market capitalization of $40.14 billion, a P/E ratio of -124.10, a PEG ratio of 1.43 and a beta of 0.97. The stock’s 50 day moving average is $240.00 and its 200 day moving average is $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 announced its quarterly earnings data 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). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. 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. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.95.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors have recently bought and sold shares of TTWO. California State Teachers Retirement System grew its stake in shares of Take-Two Interactive Software by 21,833.4% during 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 buying an additional 65,509,194 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $4,560,679,000. Norges Bank purchased a new position in Take-Two Interactive Software during the 4th quarter valued at $735,389,000. Bank of America Corp DE bought a new position in Take-Two Interactive Software in the 2nd quarter valued at $599,405,000. Finally, Legal & General Group Plc bought a new position in Take-Two Interactive Software in the 2nd quarter valued at $277,219,000. Institutional investors own 95.46% of the company’s stock.

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.