Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 4,421 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 4,421 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.00, for a total transaction of $950,515.00. Following the sale, the insider directly owned 118,407 shares of the company’s stock, valued at approximately $25,457,505. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Price Performance

TTWO opened at $216.23 on Tuesday. The company has a fifty day simple moving average of $217.58 and a 200 day simple moving average of $223.10. The firm has a market cap of $40.15 billion, a price-to-earnings ratio of -133.47, a PEG ratio of 4.19 and a beta of 0.98. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TTWO shares. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reiterated a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company reduced their price objective on shares of 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 given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of TTWO. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software in the 1st quarter valued at about $425,000. Empowered Funds LLC lifted its position in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after purchasing an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $2,747,000. Finally, Jump Financial LLC lifted its position in Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after purchasing an additional 3,650 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

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.