Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells $199,585.05 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) insider Daniel Emerson sold 917 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $217.65, for a total transaction of $199,585.05. Following the sale, the insider owned 113,071 shares of the company’s stock, valued at approximately $24,609,903.15. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Price Performance

TTWO stock opened at $214.69 on Monday. The firm has a market cap of $40.14 billion, a price-to-earnings ratio of -124.10, a PEG ratio of 1.43 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. The company’s fifty day simple moving average is $240.00 and its 200 day simple moving average is $223.52. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results 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 for the quarter, compared to analyst estimates 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%.The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned ($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. On average, analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its holdings in Take-Two Interactive Software by 62.4% during the second quarter. Parkside Financial Bank & Trust now owns 518 shares of the company’s stock worth $129,000 after buying an additional 199 shares in the last quarter. Range Advisory LLC bought a new position in Take-Two Interactive Software during the 2nd quarter valued at $210,000. Allianz Asset Management GmbH lifted its stake in Take-Two Interactive Software by 527.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 363,970 shares of the company’s stock valued at $90,985,000 after acquiring an additional 305,952 shares in the last quarter. Corient Private Wealth LP boosted its holdings in Take-Two Interactive Software by 22.4% during the 2nd quarter. Corient Private Wealth LP now owns 30,018 shares of the company’s stock worth $7,504,000 after acquiring an additional 5,484 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Take-Two Interactive Software by 0.7% in the 2nd quarter. HighTower Advisors LLC now owns 76,956 shares of the company’s stock worth $19,237,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTWO. BTIG Research lifted their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Wells Fargo & Company boosted their target price on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Bank of America increased their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a research note on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $296.95.

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.