Take-Two Interactive Software (NASDAQ:TTWO) Director Ellen Siminoff Sells 414 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the transaction, the director directly owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO traded down $4.20 during midday trading on Friday, reaching $240.14. The stock had a trading volume of 1,712,397 shares, compared to its average volume of 1,241,414. The company has a market capitalization of $44.37 billion, a price-to-earnings ratio of -10.63, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12-month low of $179.61 and a 12-month high of $264.79. The stock has a 50-day moving average of $245.92 and a 200-day moving average of $243.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.13. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. Take-Two Interactive Software’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.08) EPS. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Trading of Take-Two Interactive Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Take-Two Interactive Software by 21.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock valued at $72,317,000 after purchasing an additional 52,524 shares during the period. Ninety One UK Ltd lifted its stake in Take-Two Interactive Software by 22.8% in the second quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock valued at $437,514,000 after buying an additional 334,946 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in Take-Two Interactive Software by 79.2% in the second quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock valued at $547,000 after buying an additional 995 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Take-Two Interactive Software by 7.9% during the second quarter. Swiss National Bank now owns 534,308 shares of the company’s stock valued at $129,757,000 after acquiring an additional 38,900 shares during the period. Finally, Norges Bank bought a new position in shares of Take-Two Interactive Software during the second quarter worth about $731,047,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTWO. Wedbush boosted their price objective on Take-Two Interactive Software from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Morgan Stanley lifted their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets upped their price target on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $267.57.

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.