Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $98,585.96 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Sheresky sold 484 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $203.69, for a total value of $98,585.96. Following the transaction, the director directly owned 66,010 shares in the company, valued at approximately $13,445,576.90. The trade was a 0.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Sheresky also recently made the following trade(s):

• On Monday, August 17th, Michael Sheresky sold 127 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $245.01, for a total value of $31,116.27.

Take-Two Interactive Software Stock Up 0.7%

Take-Two Interactive Software stock opened at $204.01 on Thursday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $38.15 billion, a P/E ratio of -117.92, a PEG ratio of 1.41 and a beta of 0.97. The stock has a 50-day simple moving average of $223.31 and a 200-day simple moving average of $223.66.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business earned ($0.07) EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. 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. Equities research analysts expect that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at about $4,560,679,000. Amundi lifted its stake in shares of Take-Two Interactive Software by 38.1% in the first quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after purchasing an additional 688,133 shares during the period. Bank of America Corp DE purchased a new stake in Take-Two Interactive Software during the second quarter worth about $599,405,000. Royal Bank of Canada grew its position in Take-Two Interactive Software by 12.2% during the first quarter. Royal Bank of Canada now owns 1,524,234 shares of the company’s stock worth $301,036,000 after buying an additional 166,145 shares during the period. Finally, Bessemer Group Inc. grew its position in Take-Two Interactive Software by 1.4% during the first quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company’s stock worth $291,489,000 after buying an additional 19,702 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America increased their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, August 6th. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, August 10th. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Finally, Roth Capital boosted their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average price target of $298.89.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a global video game publisher and developer headquartered in New York City. Founded in 1993, the company creates and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier’s Civilization and other sports, action, strategy and role-playing titles.