Daniel P. Emerson Sells 1,487 Shares of Take-Two Interactive Software Inc. (TTWO) Stock
Take-Two Interactive Software Inc. (NASDAQ:TTWO) VP Daniel P. Emerson sold 1,487 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $49.51, for a total transaction of $73,621.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) opened at 49.00 on Thursday. Take-Two Interactive Software Inc. has a 12-month low of $31.36 and a 12-month high of $50.19. The stock has a market cap of $4.18 billion, a P/E ratio of 2578.95 and a beta of 0.92. The company has a 50 day moving average of $45.41 and a 200-day moving average of $40.99.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Wednesday, November 2nd. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.16. The business earned $420.20 million during the quarter, compared to the consensus estimate of $1.64 billion. Take-Two Interactive Software had a net margin of 0.12% and a return on equity of 23.87%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Equities analysts forecast that Take-Two Interactive Software Inc. will post $1.65 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in TTWO. Seven Bridges Advisors LLC increased its position in shares of Take-Two Interactive Software by 2.7% in the second quarter. Seven Bridges Advisors LLC now owns 2,894 shares of the company’s stock worth $110,000 after buying an additional 75 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Take-Two Interactive Software by 3.5% in the second quarter. LS Investment Advisors LLC now owns 3,061 shares of the company’s stock worth $116,000 after buying an additional 104 shares in the last quarter. Thompson Investment Management Inc. purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $222,000. US Bancorp DE increased its position in Take-Two Interactive Software by 38.0% in the second quarter. US Bancorp DE now owns 5,598 shares of the company’s stock valued at $212,000 after buying an additional 1,542 shares during the period. Finally, World Asset Management Inc bought a new position in Take-Two Interactive Software during the third quarter valued at about $257,000.
Several research analysts recently issued reports on TTWO shares. Cowen and Company reiterated an “outperform” rating and issued a $45.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, August 23rd. Oppenheimer Holdings Inc. started coverage on shares of Take-Two Interactive Software in a research note on Friday, October 14th. They issued an “outperform” rating and a $54.00 price target for the company. Benchmark Co. increased their price target on shares of Take-Two Interactive Software from $45.92 to $51.79 and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Zacks Investment Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Jefferies Group reiterated a “buy” rating and issued a $48.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 15th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.16.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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