Take-Two Interactive Software (NASDAQ:TTWO) Sees Strong Trading Volume – What’s Next?

Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw strong trading volume on Thursday . 1,534,536 shares were traded during trading, a decline of 30% from the previous session’s volume of 2,187,313 shares.The stock last traded at $238.7460 and had previously closed at $228.03.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company lowered their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.06.

Take-Two Interactive Software Price Performance

The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of -148.82, a P/E/G ratio of 4.55 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $218.81 and a two-hundred day simple moving average of $222.89.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,421 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $215.00, for a total value of $950,515.00. Following the completion of the sale, the insider directly owned 118,407 shares in the company, valued at $25,457,505. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 40,358 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the completion of the sale, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 565,096 shares of company stock valued at $127,294,182 over the last three months. 1.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after acquiring an additional 45 shares during the last quarter. First Horizon Corp lifted its position in shares of Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after acquiring an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of Take-Two Interactive Software by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after acquiring an additional 48 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after purchasing an additional 48 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Take-Two Interactive Software by 5.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,007 shares of the company’s stock valued at $260,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.