Investors Sell Shares of Take-Two Interactive Software (TTWO) on Strength on Insider Selling

Investors sold shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) on strength during trading on Wednesday after an insider sold shares in the company. $56.69 million flowed into the stock on the tick-up and $104.83 million flowed out of the stock on the tick-down, for a money net flow of $48.14 million out of the stock. Of all equities tracked, Take-Two Interactive Software had the 0th highest net out-flow for the day. Take-Two Interactive Software traded up $1.10 for the day and closed at $96.96Specifically, Director Michael Sheresky sold 428 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $108.11, for a total value of $46,271.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Karl Slatoff sold 227,671 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $95.75, for a total transaction of $21,799,498.25. The disclosure for this sale can be found here. Insiders sold a total of 492,559 shares of company stock worth $47,115,477 over the last three months. Corporate insiders own 1.55% of the company’s stock.

TTWO has been the topic of several analyst reports. BidaskClub lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, December 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $148.00 price target (down previously from $150.00) on shares of Take-Two Interactive Software in a research report on Thursday, February 8th. KeyCorp reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, December 19th. Finally, Hilliard Lyons raised shares of Take-Two Interactive Software from an “underperform” rating to a “neutral” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the stock. Take-Two Interactive Software has a consensus rating of “Buy” and an average price target of $123.48.

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The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18. The firm has a market cap of $11,092.06, a price-to-earnings ratio of 51.64, a P/E/G ratio of 1.52 and a beta of 1.04.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Wednesday, February 7th. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.34. Take-Two Interactive Software had a net margin of 9.43% and a return on equity of 27.78%. The firm had revenue of $653.94 million during the quarter, compared to the consensus estimate of $669.08 million. research analysts expect that Take-Two Interactive Software Inc will post 2.43 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $110,000. Invictus RG increased its holdings in Take-Two Interactive Software by 1,188.8% in the 3rd quarter. Invictus RG now owns 1,031 shares of the company’s stock valued at $105,000 after purchasing an additional 951 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Take-Two Interactive Software in the 4th quarter valued at approximately $133,000. Huntington National Bank increased its holdings in Take-Two Interactive Software by 75.0% in the 4th quarter. Huntington National Bank now owns 1,419 shares of the company’s stock valued at $156,000 after purchasing an additional 608 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Take-Two Interactive Software by 42.8% in the 4th quarter. US Bancorp DE now owns 1,689 shares of the company’s stock valued at $185,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.

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About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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