Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells $1,016,370.00 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Free Report) insider Daniel Emerson sold 4,419 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the sale, the insider owned 113,988 shares of the company’s stock, valued at approximately $26,217,240. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Stock Up 4.9%

NASDAQ:TTWO traded up $11.25 during mid-day trading on Thursday, reaching $239.28. The stock had a trading volume of 7,160,071 shares, compared to its average volume of 2,236,050. The business’s 50 day moving average is $218.81 and its 200 day moving average is $222.89. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The stock has a market cap of $44.43 billion, a P/E ratio of -147.70, a PEG ratio of 4.55 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.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently modified their holdings of the company. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $25,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software in the 4th quarter worth $28,000. Essential Partners LLC raised its holdings in Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software during the 4th quarter worth $34,000. Finally, MV Capital Management Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth $34,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the topic of several analyst reports. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday. Wells Fargo & Company lowered their target price 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. Finally, BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Check Out Our Latest Stock Report on TTWO

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.

Further Reading

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

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