Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells 744 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 744 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total transaction of $161,470.32. Following the completion of the sale, the insider owned 112,327 shares of the company’s stock, valued at $24,378,328.81. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Take-Two Interactive Software Stock Up 0.3%

Shares of NASDAQ TTWO traded up $0.56 on Friday, reaching $214.69. 2,077,929 shares of the company’s stock traded hands, compared to its average volume of 2,316,363. The business’s 50 day simple moving average is $240.47 and its two-hundred day simple moving average is $223.37. 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 market cap of $40.14 billion, a price-to-earnings ratio of -124.10, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTWO. Wells Fargo & Company lifted their price target on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Roth Capital raised their price objective on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Oppenheimer lifted their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.95.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently bought and sold shares of TTWO. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at about $25,000. Mosley Wealth Management increased its holdings in shares of Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in shares of Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after buying an additional 64 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at approximately $32,000. Finally, Essential Partners LLC increased its position in Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

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.