Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Sells 90,851 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Take-Two Interactive Software Stock Down 0.0 %

Shares of NASDAQ:TTWO opened at $140.60 on Friday. The company has a market capitalization of $23.98 billion, a PE ratio of -16.39, a P/E/G ratio of 1.22 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a twelve month low of $119.57 and a twelve month high of $171.59. The firm has a 50 day simple moving average of $148.57 and a 200-day simple moving average of $152.08.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, equities analysts predict that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently modified their holdings of the stock. CVA Family Office LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $25,000. MCF Advisors LLC raised its position in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at $26,000. Pin Oak Investment Advisors Inc. raised its position in Take-Two Interactive Software by 485.7% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in Take-Two Interactive Software by 110.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TTWO shares. JPMorgan Chase & Co. reduced their target price on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Jefferies Financial Group began coverage on shares of Take-Two Interactive Software in a research report on Monday, April 1st. They set a “buy” rating and a $195.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday. Finally, BMO Capital Markets began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $176.39.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.