Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Sells 90,851 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 90,851 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at $12,965,462.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $143.16 on Thursday. Take-Two Interactive Software, Inc. has a 1 year low of $119.57 and a 1 year high of $171.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average of $149.44 and a 200 day moving average of $152.15.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. On average, research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TTWO shares. JPMorgan Chase & Co. cut their price objective on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Jefferies Financial Group assumed coverage on shares of Take-Two Interactive Software in a report on Monday, April 1st. They set a “buy” rating and a $195.00 price objective on the stock. Wedbush restated an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a research note on Monday, April 1st. Finally, BMO Capital Markets assumed coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Take-Two Interactive Software by 6.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,443 shares of the company’s stock valued at $2,374,000 after buying an additional 971 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Take-Two Interactive Software by 1.8% during the first quarter. Yousif Capital Management LLC now owns 16,817 shares of the company’s stock worth $2,585,000 after purchasing an additional 300 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Take-Two Interactive Software during the first quarter worth about $206,000. Dimensional Fund Advisors LP increased its stake in shares of Take-Two Interactive Software by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 512,184 shares of the company’s stock worth $78,757,000 after purchasing an additional 5,382 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Take-Two Interactive Software by 3.2% during the first quarter. Blair William & Co. IL now owns 41,602 shares of the company’s stock worth $6,396,000 after purchasing an additional 1,289 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.