Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 1,698 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 1,698 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the completion of the transaction, the insider owned 125,001 shares of the company’s stock, valued at $26,702,713.62. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $213.88 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79. The firm has a market cap of $39.61 billion, a PE ratio of -9.56, a price-to-earnings-growth ratio of 8.66 and a beta of 0.94. The company’s 50 day moving average is $228.88 and its two-hundred day moving average is $240.13.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software during the 3rd quarter worth $26,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software in the fourth quarter valued at $28,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Take-Two Interactive Software in the third quarter valued at about $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth about $27,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TTWO shares. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a report on Tuesday, February 10th. Morgan Stanley raised their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. BMO Capital Markets increased their target price on Take-Two Interactive Software from $252.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target for the company in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus target price of $284.81.

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.