Daniel Emerson Sells 8,840 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 8,840 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $214.00, for a total value of $1,891,760.00. Following the completion of the sale, the insider directly owned 122,828 shares in the company, valued at approximately $26,285,192. The trade was a 6.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $1.95 on Wednesday, hitting $210.10. The company’s stock had a trading volume of 1,996,841 shares, compared to its average volume of 2,191,461. The company has a market capitalization of $39.01 billion, a PE ratio of -129.69, a PEG ratio of 3.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The company has a 50-day simple moving average of $216.34 and a 200 day simple moving average of $223.81.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in TTWO. Norges Bank bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. Vanguard Group Inc. boosted its holdings in Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after acquiring an additional 932,659 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Take-Two Interactive Software by 162.1% in the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares in the last quarter. Amundi boosted its holdings in Take-Two Interactive Software by 38.1% in the first quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after acquiring an additional 688,133 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after acquiring an additional 568,263 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TTWO shares. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.06.

Take-Two Interactive Software Company Profile

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.