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

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Free Report) insider Daniel Emerson sold 4,421 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.00, for a total value of $950,515.00. Following the sale, the insider owned 118,407 shares in the company, valued at approximately $25,457,505. The trade was a 3.60% decrease in their ownership of the stock. The sale 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.

Take-Two Interactive Software Stock Up 2.1%

Shares of NASDAQ:TTWO traded up $4.48 during mid-day trading on Monday, hitting $216.23. 1,630,717 shares of the company traded hands, compared to its average volume of 2,177,503. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The firm’s 50 day simple moving average is $217.25 and its 200 day simple moving average is $223.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $40.15 billion, a P/E ratio of -133.47, a PEG ratio of 4.19 and a beta of 0.98.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds have recently added to or reduced their stakes in TTWO. Militia Capital Management LLC bought a new stake in Take-Two Interactive Software during the first quarter valued at $1,191,000. Rathbones Group PLC lifted its position in shares of Take-Two Interactive Software by 21.6% in the 1st quarter. Rathbones Group PLC now owns 17,349 shares of the company’s stock worth $3,426,000 after buying an additional 3,087 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 21,851 shares of the company’s stock valued at $4,316,000 after buying an additional 853 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Take-Two Interactive Software by 10.4% in the 1st quarter. Glenmede Trust Co. NA now owns 4,728 shares of the company’s stock valued at $934,000 after buying an additional 447 shares during the period. Finally, Summitry LLC bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $224,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTWO shares. Piper Sandler restated a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company lowered their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Finally, Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.06.

Get Our Latest Stock Analysis 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.

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

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