Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $80,941.56 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 334 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the transaction, the director directly owned 1,666 shares in the company, valued at $403,738.44. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Trading Up 1.3%

NASDAQ TTWO opened at $240.15 on Friday. The firm’s fifty day moving average price is $241.41 and its 200 day moving average price is $221.63. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $44.90 billion, a price-to-earnings ratio of -138.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates 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%.The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. 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, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Independence Bank of Kentucky raised its stake in shares of Take-Two Interactive Software by 106.8% during the 2nd quarter. Independence Bank of Kentucky now owns 2,725 shares of the company’s stock worth $681,000 after buying an additional 1,407 shares during the last quarter. Legacy Financial Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 2nd quarter worth about $293,000. Proficio Capital Partners LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at about $238,000. BTG Pactual Asset Management US LLC raised its stake in Take-Two Interactive Software by 299.1% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 12,970 shares of the company’s stock valued at $3,242,000 after purchasing an additional 9,720 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Take-Two Interactive Software by 5.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,402 shares of the company’s stock valued at $2,100,000 after purchasing an additional 430 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on TTWO shares. UBS Group restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. JPMorgan Chase & Co. started coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price target on the stock. Finally, Robert W. Baird upped their price objective on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and a consensus target price of $296.95.

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.