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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 4,421 shares of the 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 completion of the transaction, the insider owned 118,407 shares of the company’s stock, valued at approximately $25,457,505. This represents a 3.60% decrease in their position. The sale 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 Trading Up 6.4%

Shares of TTWO stock opened at $229.97 on Wednesday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock has a market cap of $42.70 billion, a price-to-earnings ratio of -141.96, a P/E/G ratio of 4.27 and a beta of 0.98. 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 firm has a fifty day moving average of $218.18 and a 200-day moving average of $223.00.

Key Stories Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Analyst coverage has turned more bullish, with DA Davidson reiterating a buy rating and a $300 price target, while other recent notes also pointed to upside tied to the upcoming GTA VI launch. Article Title
• Positive Sentiment: Jefferies said management sees AI helping improve efficiency and mobile advertising performance, which could support margins and operating leverage ahead of the next major game cycle. Article Title
• Positive Sentiment: Take-Two is being re-rated by investors ahead of GTA VI, with commentary highlighting the large earnings potential from the launch and the possibility of additional catalysts such as trailers, marketing, and pre-orders. Article Title
• Neutral Sentiment: An insider filing showed Daniel Emerson sold 4,421 shares under a pre-arranged trading plan. That is worth noting, but the sale appears routine rather than a new negative signal. Article Title
• Negative Sentiment: There is some offsetting caution from ongoing insider selling over the past several months, which may temper enthusiasm if investors become more concerned about valuation or timing. Article Title

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $735,389,000. Vanguard Group Inc. lifted its stake 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 valued at $5,606,808,000 after buying an additional 932,659 shares in the last quarter. AQR Capital Management LLC lifted its stake 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 valued at $291,551,000 after buying an additional 704,316 shares in the last quarter. Amundi lifted its stake in Take-Two Interactive Software by 38.1% in the first quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after buying an additional 688,133 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake 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 valued at $471,845,000 after buying an additional 568,263 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.