Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 917 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 917 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total transaction of $199,585.05. Following the transaction, the insider owned 113,071 shares in the company, valued at approximately $24,609,903.15. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 Up 0.3%

Shares of Take-Two Interactive Software stock traded up $0.56 on Friday, reaching $214.69. The stock had a trading volume of 2,076,509 shares, compared to its average volume of 2,316,363. The company has a 50 day moving average price of $240.47 and a 200 day moving average price of $223.37. The stock has a market capitalization of $40.14 billion, a P/E ratio of -124.10, a P/E/G ratio of 1.44 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on TTWO shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Bank of America lifted their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $296.95.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors have recently modified their holdings of TTWO. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $25,000. Mosley Wealth Management grew its holdings in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the period. Washington Trust Advisors Inc. increased its position in shares of Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock valued at $30,000 after buying an additional 64 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $32,000. Finally, Essential Partners LLC raised its stake in shares of Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

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.