Daniel Emerson Sells 1,698 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 1,698 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total transaction of $362,726.76. Following the sale, the insider directly owned 125,001 shares of the company’s stock, valued at approximately $26,702,713.62. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Take-Two Interactive Software Trading Up 1.5%

Shares of TTWO stock opened at $217.05 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The firm’s 50 day moving average price is $228.24 and its two-hundred day moving average price is $240.02. The stock has a market cap of $40.19 billion, a price-to-earnings ratio of -9.70, a price-to-earnings-growth ratio of 8.76 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TTWO shares. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. B. Riley Financial assumed coverage on Take-Two Interactive Software in a research note on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price for the company. Wells Fargo & Company raised their target price on Take-Two Interactive Software from $288.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $284.81.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the business. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Take-Two Interactive Software in the third quarter valued at $26,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the 4th quarter valued at $28,000. Pinnacle Bancorp Inc. acquired a new position in Take-Two Interactive Software during the 3rd quarter worth $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Take-Two Interactive Software during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.