Key Points
- Take-Two insider Daniel Emerson sold 4,421 shares on June 15 at an average price of $215.00, totaling about $950,515. The sale reduced his direct holdings by 3.6% and was made under a pre-arranged Rule 10b5-1 trading plan.
- TTWO shares were up 2.1% and opened at $216.23 on Tuesday. The company has a market cap of $40.15 billion, with shares trading near their 50-day and 200-day moving averages.
- Analysts remain mostly bullish on Take-Two, with a consensus rating of “Moderate Buy” and an average price target of $287.06. Recent notes included a $300 target from DA Davidson and an overweight rating from Wells Fargo.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) insider Daniel Emerson sold 4,421 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.00, for a total transaction of $950,515.00. Following the transaction, the insider directly owned 118,407 shares in the company, valued at approximately $25,457,505. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Take-Two Interactive Software Stock Up 2.1%
Take-Two Interactive Software stock opened at $216.23 on Tuesday. The stock has a market cap of $40.15 billion, a price-to-earnings ratio of -133.47, a PEG ratio of 4.19 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company's 50-day moving average price is $217.58 and its two-hundred day moving average price is $223.10. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79.
Analysts Set New Price Targets
Several equities analysts have commented on TTWO shares. DA Davidson reissued a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. BMO Capital Markets reissued an "outperform" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Piper Sandler reissued a "neutral" rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an "overweight" rating on the stock in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and an average target price of $287.06.
View Our Latest Report on TTWO
Institutional Investors Weigh In On Take-Two Interactive Software
A number of institutional investors and hedge funds have recently modified their holdings of TTWO. Integrated Wealth Concepts LLC purchased a new position in shares of Take-Two Interactive Software in the first quarter worth approximately $425,000. Empowered Funds LLC increased its position in shares of Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company's stock worth $688,000 after acquiring an additional 388 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock worth $63,000 after acquiring an additional 165 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Take-Two Interactive Software in the second quarter worth approximately $2,747,000. Finally, Jump Financial LLC increased its position in shares of Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company's stock worth $1,728,000 after acquiring an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.
Take-Two Interactive Software Company Profile
(
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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