Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells 810 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 810 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the transaction, the insider owned 124,191 shares of the company’s stock, valued at $26,511,052.77. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Take-Two Interactive Software Trading Up 1.1%

Shares of TTWO traded up $2.40 during mid-day trading on Monday, hitting $213.88. 1,966,019 shares of the company’s stock traded hands, compared to its average volume of 3,073,111. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $228.88 and its 200-day moving average price is $240.13. The firm has a market capitalization of $39.61 billion, a P/E ratio of -9.56, a PEG ratio of 8.66 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after acquiring an additional 166,661 shares in the last quarter. State Street Corp boosted its position in Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after buying an additional 390,331 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Take-Two Interactive Software by 3.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock worth $1,341,789,000 after purchasing an additional 166,867 shares during the period. Geode Capital Management LLC grew its position in shares of Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after buying an additional 60,893 shares during the period. Finally, Invesco Ltd. raised its position in shares of Take-Two Interactive Software by 17.3% during the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTWO. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. Wall Street Zen cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. UBS Group boosted their price objective on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. Finally, TD Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $283.94.

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.