Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Sells 90,851 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded down $1.43 during midday trading on Wednesday, hitting $144.02. 804,341 shares of the company’s stock traded hands, compared to its average volume of 1,657,245. Take-Two Interactive Software, Inc. has a 1 year low of $119.57 and a 1 year high of $171.59. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of -16.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a fifty day moving average of $149.97 and a 200 day moving average of $152.21.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Take-Two Interactive Software in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective for the company. Wedbush restated an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Friday, February 9th. Jefferies Financial Group initiated coverage on shares of Take-Two Interactive Software in a report on Monday, April 1st. They set a “buy” rating and a $195.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $175.00 target price on shares of Take-Two Interactive Software in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.39.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth approximately $25,000. MCF Advisors LLC boosted its stake in Take-Two Interactive Software by 1,677.8% in the 4th quarter. MCF Advisors LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $26,000. Pin Oak Investment Advisors Inc. boosted its position in shares of Take-Two Interactive Software by 485.7% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Take-Two Interactive Software by 110.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.