Key Points
- Director Ellen Siminoff sold 414 shares on Jan. 15 at an average price of $245.48 for a total of $101,628.72, cutting her holding by 14.56% to 2,429 shares (about $596,270).
- Take-Two beat expectations with $1.04 EPS (vs. $0.91 est.) and $1.77B revenue, up 33.3% year-over-year, and carries a MarketBeat consensus of "Moderate Buy" with an average target of $267.57.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Ellen Siminoff sold 414 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total transaction of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company's stock, valued at approximately $596,270.92. This trade represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Take-Two Interactive Software Price Performance
TTWO stock opened at $240.14 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The company's fifty day moving average price is $246.09 and its 200-day moving average price is $243.61. Take-Two Interactive Software, Inc. has a one year low of $179.61 and a one year high of $264.79. The company has a market capitalization of $44.37 billion, a PE ratio of -10.63, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92.
Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. Take-Two Interactive Software's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.08) EPS. On average, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.
Institutional Trading of Take-Two Interactive Software
A number of institutional investors have recently bought and sold shares of TTWO. Perigon Wealth Management LLC increased its position in Take-Two Interactive Software by 35.0% during the fourth quarter. Perigon Wealth Management LLC now owns 1,516 shares of the company's stock valued at $388,000 after acquiring an additional 393 shares during the last quarter. Aberdeen Group plc boosted its stake in shares of Take-Two Interactive Software by 3.7% during the 4th quarter. Aberdeen Group plc now owns 122,927 shares of the company's stock worth $31,473,000 after purchasing an additional 4,417 shares during the period. Frank Rimerman Advisors LLC grew its holdings in Take-Two Interactive Software by 4.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,730 shares of the company's stock valued at $443,000 after purchasing an additional 70 shares during the last quarter. Fortitude Family Office LLC raised its position in Take-Two Interactive Software by 271.1% in the 4th quarter. Fortitude Family Office LLC now owns 282 shares of the company's stock worth $72,000 after purchasing an additional 206 shares during the period. Finally, My Personal CFO LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth about $202,000. 95.46% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
TTWO has been the subject of several research analyst reports. B. Riley began coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They set a "buy" rating and a $300.00 price target for the company. Wall Street Zen lowered shares of Take-Two Interactive Software from a "buy" rating to a "hold" rating in a report on Sunday, November 2nd. Wedbush boosted their price target on shares of Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Morgan Stanley upped their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, CICC Research began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an "outperform" rating and a $272.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and an average target price of $267.57.
Read Our Latest Research Report on Take-Two Interactive Software
About Take-Two Interactive Software
(
Get Free Report)
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.
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