Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells 744 Shares of Stock

Key Points

• Insider Daniel Emerson sold 744 Take-Two shares for approximately $161,470 under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards. His remaining stake totals 112,327 shares.
• Take-Two shares rose 0.3% to $214.69, while the company’s latest quarterly results missed EPS estimates despite revenue of $1.53 billion exceeding expectations.
• Wall Street remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $296.95; institutional investors own 95.46% of the stock.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) insider Daniel Emerson sold 744 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the sale, the insider owned 112,327 shares in the company, valued at $24,378,328.81. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Trading Up 0.3%

Shares of TTWO stock traded up $0.56 on Friday, hitting $214.69. The company had a trading volume of 2,077,929 shares, compared to its average volume of 2,316,363. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. 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 firm has a market cap of $40.14 billion, a P/E ratio of -124.10, a P/E/G ratio of 1.44 and a beta of 0.97. The stock's 50-day moving average is $240.47 and its two-hundred day moving average is $223.37.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer lifted their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an "overweight" rating and a $310.00 price target on the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. UBS Group reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Raymond James Financial set a $300.00 price objective on Take-Two Interactive Software in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $296.95.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of large investors have recently bought and sold shares of TTWO. Patriot Financial Group Insurance Agency LLC raised its position in Take-Two Interactive Software by 597.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock valued at $1,134,000 after purchasing an additional 4,920 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter worth about $23,480,000. Rockefeller Capital Management L.P. increased its position in shares of Take-Two Interactive Software by 45.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company's stock valued at $11,489,000 after purchasing an additional 14,050 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Take-Two Interactive Software by 33.9% during the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company's stock valued at $16,489,000 after buying an additional 16,314 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in Take-Two Interactive Software in the 2nd quarter worth approximately $37,090,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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