Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $101,628.72 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 414 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded down $4.20 during mid-day trading on Friday, reaching $240.14. 1,712,397 shares of the company’s stock traded hands, compared to its average volume of 1,241,414. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50-day moving average price is $245.92 and its 200-day moving average price is $243.63. The stock has a market capitalization of $44.37 billion, a P/E ratio of -10.63, a price-to-earnings-growth ratio of 3.92 and a beta of 0.92. Take-Two Interactive Software, Inc. has a 12 month low of $179.61 and a 12 month high of $264.79.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned ($2.08) EPS. The firm’s revenue was up 33.3% compared to the same quarter last year. Equities analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Partners LLC increased its position in Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Take-Two Interactive Software by 101.9% in the 2nd quarter. Blue Trust Inc. now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Take-Two Interactive Software in the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software in the second quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in Take-Two Interactive Software in the third quarter worth approximately $29,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on TTWO. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company increased their price target on Take-Two Interactive Software from $277.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Jefferies Financial Group lifted their price target on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. CICC Research initiated coverage on Take-Two Interactive Software in a report on Tuesday, September 30th. They issued an “outperform” rating and a $272.00 price objective for the company. Finally, Wall Street Zen cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $267.57.

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.