Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $88,693.62 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Laverne Evans Srinivasan sold 362 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the completion of the sale, the director directly owned 8,357 shares in the company, valued at $2,047,548.57. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Laverne Evans Srinivasan also recently made the following trade(s):

• On Monday, June 1st, Laverne Evans Srinivasan sold 373 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $229.35, for a total value of $85,547.55.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $0.79 during midday trading on Tuesday, hitting $242.40. 1,881,326 shares of the stock were exchanged, compared to its average volume of 2,265,266. The stock has a market cap of $45.32 billion, a P/E ratio of -140.11, a PEG ratio of 1.70 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a 50 day moving average price of $239.71 and a 200-day moving average price of $221.51.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business had revenue of $1.53 billion during 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 quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. 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. On average, research analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTWO. Oppenheimer increased their price target on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Bank of America lifted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Buy” and a consensus target price of $296.95.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $4,560,679,000. Norges Bank acquired a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $735,389,000. Bank of America Corp DE purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth approximately $599,405,000. Legal & General Group Plc purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth approximately $277,219,000. Finally, Bank of New York Mellon Corp acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $234,774,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.