Daniel Emerson Sells 21,102 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 21,102 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider directly owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Performance

NASDAQ:TTWO opened at $216.65 on Friday. The firm has a market cap of $40.23 billion, a PE ratio of -133.73, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50 day moving average price of $215.11 and a 200-day moving average price of $224.33.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 0.8% in 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 during the period. State Street Corp lifted its stake in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after acquiring an additional 390,331 shares during the period. Geode Capital Management LLC lifted its stake in Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares during the period. Invesco Ltd. lifted its stake in Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after acquiring an additional 16,758 shares during the period. Finally, Norges Bank purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $735,389,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a research note on Tuesday, February 10th. Finally, Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $287.06.

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.