Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Sells 1,000 Shares of Stock

Key Points

• Jon J. Moses, a director at Take-Two Interactive Software, sold 1,000 shares at an average price of $231.33, totaling approximately $231,330, which represents a 4.18% decrease in his ownership.
• The company's stock recently traded at $232.55, with analysts projecting a consensus target price of $245.60 and a "Moderate Buy" rating.
• Take-Two Interactive Software reported $0.61 EPS for the quarter, exceeding analyst expectations of $0.28, and experienced a \strong{16.4% increase in revenue} year-over-year.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Jon J. Moses sold 1,000 shares of Take-Two Interactive Software stock in a transaction on Friday, August 15th. The shares were sold at an average price of $231.33, for a total value of $231,330.00. Following the sale, the director directly owned 22,901 shares of the company's stock, valued at approximately $5,297,688.33. This trade represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded up $0.37 during mid-day trading on Monday, reaching $232.55. 1,428,595 shares of the stock traded hands, compared to its average volume of 2,042,373. The business has a 50-day moving average of $233.68 and a 200 day moving average of $221.03. Take-Two Interactive Software, Inc. has a fifty-two week low of $146.76 and a fifty-two week high of $245.07. The stock has a market capitalization of $42.90 billion, a PE ratio of -9.71, a PEG ratio of 5.84 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%. The business had revenue of $1,503,800 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the firm earned ($1.52) earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. On average, analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC grew its position in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company's stock worth $26,000 after acquiring an additional 59 shares during the period. Blue Trust Inc. boosted its position in shares of Take-Two Interactive Software by 101.9% during the second quarter. Blue Trust Inc. now owns 105 shares of the company's stock worth $26,000 after buying an additional 53 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the second quarter worth $27,000. Park Square Financial Group LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth $28,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Take-Two Interactive Software during the first quarter worth $29,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TTWO shares. Benchmark boosted their price target on Take-Two Interactive Software from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. DA Davidson boosted their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wedbush boosted their target price on Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Raymond James Financial boosted their target price on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

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