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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 8,840 shares of the stock in a transaction on 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 transaction, the insider directly owned 122,828 shares of the company’s stock, valued at approximately $26,285,192. This trade represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 opened at $210.46 on Thursday. The stock has a fifty day simple moving average of $216.69 and a two-hundred day simple moving average of $223.63. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The firm has a market cap of $39.08 billion, a price-to-earnings ratio of -129.91, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of large investors have recently made changes to their positions in TTWO. Integrated Wealth Concepts LLC bought a new position in shares of Take-Two Interactive Software in the first quarter worth $425,000. Empowered Funds LLC boosted its holdings in shares of Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after acquiring an additional 388 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after acquiring an additional 165 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Take-Two Interactive Software in the second quarter worth $2,747,000. Finally, Jump Financial LLC boosted its holdings in shares of Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,650 shares during the period. 95.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of several research reports. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Piper Sandler reissued a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.