Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 21,102 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Free Report) insider Daniel Emerson sold 21,102 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares in the company, valued at $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $215.80 on Thursday. The firm has a market capitalization of $40.07 billion, a P/E ratio of -133.21, a PEG ratio of 3.40 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 company has a 50 day moving average price of $214.60 and a 200 day moving average price of $224.46. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TTWO shares. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. Finally, Piper Sandler began coverage on shares of Take-Two Interactive Software in a report on Tuesday. They issued an “overweight” rating and a $280.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus target price of $287.06.

View Our Latest Analysis on TTWO

Institutional Investors Weigh In On Take-Two Interactive Software

Several large investors have recently modified their holdings of TTWO. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter worth $28,000. Essential Partners LLC increased its position in shares of Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. Finally, MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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