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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 4,421 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $215.00, for a total value of $950,515.00. Following the transaction, the insider directly owned 118,407 shares of the company’s stock, valued at $25,457,505. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Stock Performance

Shares of NASDAQ TTWO traded up $4.48 during mid-day trading on Monday, hitting $216.23. The company had a trading volume of 1,630,717 shares, compared to its average volume of 2,177,503. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The stock has a market cap of $40.15 billion, a price-to-earnings ratio of -133.47, a PEG ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50 day simple moving average is $217.25 and its two-hundred day simple moving average is $223.28.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $425,000. Empowered Funds LLC raised its stake in shares of Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after buying an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $2,747,000. Finally, Jump Financial LLC raised its stake in shares of Take-Two Interactive Software by 105.3% in the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after buying an additional 3,650 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.