Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 8,840 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 8,840 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $214.00, for a total value of $1,891,760.00. Following the completion of the transaction, the insider owned 122,828 shares of the company’s stock, valued at $26,285,192. This trade represents a 6.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded down $1.95 during trading on Wednesday, reaching $210.10. The company’s stock had a trading volume of 1,996,841 shares, compared to its average volume of 2,191,461. The firm has a market cap of $39.01 billion, a price-to-earnings ratio of -129.69, a price-to-earnings-growth ratio of 3.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50 day moving average of $216.34 and a 200-day moving average of $223.81. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Wells Fargo & Company cut their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $28,000. MV Capital Management Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $34,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth about $34,000. Finally, True Wealth Design LLC lifted its holdings in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares in the last quarter. 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.