Key Points
- Take-Two insider Daniel Emerson sold 21,102 shares on June 2 at an average price of $219.61, generating about $4.63 million in proceeds. The sale reduced his direct holdings by 13.81% and was tied to a pre-arranged Rule 10b5-1 plan and tax withholding obligations from vesting equity awards.
- Take-Two’s stock was trading near $215.80 at the time of the report, with a market value of about $40.07 billion. The shares have ranged from $187.63 to $264.79 over the past year.
- Wall Street remains broadly positive on TTWO, with a consensus rating of “Moderate Buy” and an average target price of $287.06. Recent analyst calls included overweight/outperform ratings from firms such as Wells Fargo, Piper Sandler, BMO Capital Markets, Wedbush, and DA Davidson.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) insider Daniel Emerson sold 21,102 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the sale, the insider directly owned 131,668 shares in the company, valued at approximately $28,915,609.48. The trade was a 13.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Stock Performance
NASDAQ TTWO opened at $215.80 on Thursday. The firm has a market capitalization of $40.07 billion, a P/E ratio of -133.21, a P/E/G ratio of 3.40 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The business's 50-day simple moving average is $214.60 and its 200-day simple moving average is $224.46.
Institutional Trading of Take-Two Interactive Software
Large investors have recently made changes to their positions in the stock. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $28,000. Essential Partners LLC raised its holdings in Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company's stock valued at $33,000 after acquiring an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. Finally, MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter worth approximately $34,000. Institutional investors own 95.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an "overweight" rating for the company in a report on Friday, May 22nd. Piper Sandler initiated coverage on Take-Two Interactive Software in a research report on Tuesday. They set an "overweight" rating and a $280.00 price objective for the company. BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush reiterated an "outperform" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, DA Davidson reissued a "buy" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $287.06.
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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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