Daniel Emerson Sells 810 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 810 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $213.47, for a total value of $172,910.70. Following the completion of the transaction, the insider owned 124,191 shares of the company’s stock, valued at approximately $26,511,052.77. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Take-Two Interactive Software Trading Up 1.5%

Shares of Take-Two Interactive Software stock opened at $217.05 on Wednesday. The stock has a market cap of $40.19 billion, a P/E ratio of -9.70, a P/E/G ratio of 8.76 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12-month low of $188.56 and a 12-month high of $264.79. The business’s 50 day moving average is $228.24 and its 200-day moving average is $240.02.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BMO Capital Markets boosted their price target on Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. B. Riley Financial initiated coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus price target of $284.81.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. EJMK Ventures LLC bought a new position in Take-Two Interactive Software during the fourth quarter worth about $212,000. Reflection Asset Management acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $40,000. Sit Investment Associates Inc. increased its holdings in shares of Take-Two Interactive Software by 1.2% during the fourth quarter. Sit Investment Associates Inc. now owns 31,923 shares of the company’s stock worth $8,173,000 after purchasing an additional 388 shares during the period. Pacer Advisors Inc. raised its position in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Pacer Advisors Inc. now owns 27,598 shares of the company’s stock valued at $7,066,000 after buying an additional 361 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.