Daniel Emerson Sells 810 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 810 shares of Take-Two Interactive Software stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total transaction of $172,910.70. Following the completion of the sale, the insider owned 124,191 shares in the company, valued at $26,511,052.77. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded up $2.40 during mid-day trading on Monday, hitting $213.88. 1,966,019 shares of the company’s stock traded hands, compared to its average volume of 3,073,111. The firm has a 50 day simple moving average of $228.88 and a two-hundred day simple moving average of $240.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $39.61 billion, a price-to-earnings ratio of -9.56, a P/E/G ratio of 8.66 and a beta of 0.94. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TTWO. Raymond James Financial upgraded 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 boosted their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, January 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $283.94.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after buying an additional 166,661 shares during the period. State Street Corp increased its stake in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Take-Two Interactive Software by 3.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock valued at $1,341,789,000 after buying an additional 166,867 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after purchasing an additional 515,484 shares during the last quarter. Hedge funds and other institutional investors 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.