Take-Two Interactive Software (NASDAQ:TTWO) Insider Daniel Emerson Sells 917 Shares of Stock

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

Shares of TTWO opened at $214.69 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $240.00 and a 200-day moving average price of $223.31. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The stock has a market capitalization of $40.14 billion, a PE ratio of -124.10, a PEG ratio of 1.42 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (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 analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities analysts predict that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently modified their holdings of the stock. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $25,000. Mosley Wealth Management increased its stake in Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software in the second quarter worth $32,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TTWO. Robert W. Baird boosted their price target on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Wells Fargo & Company raised their price objective 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. Roth Capital lifted their target price on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price for the company. Finally, Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $296.95.

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.