Michael Sheresky Sells 198 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock

Key Points

• Michael Sheresky, a director at Take-Two Interactive Software, sold 198 shares of the company at an average price of $233.47, reducing his holdings by 0.30% to a total of 64,996 shares, valued at approximately $15.17 million.
• Take-Two recently reported a quarterly earnings per share (EPS) of $0.61, significantly exceeding analyst expectations of $0.28, with a 16.4% year-over-year revenue increase.
• Equity analysts have mixed ratings on Take-Two, with targets ranging from $210.00 to $285.00 and an average rating of "Moderate Buy," reflecting confidence in the company's future performance.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Michael Sheresky sold 198 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $233.47, for a total transaction of $46,227.06. Following the transaction, the director directly owned 64,996 shares in the company, valued at $15,174,616.12. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded up $0.37 during trading hours on Monday, reaching $232.55. The stock had a trading volume of 1,428,602 shares, compared to its average volume of 2,042,374. The stock's 50 day moving average is $233.68 and its 200 day moving average is $221.03. The firm 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. Take-Two Interactive Software, Inc. has a twelve month low of $146.76 and a twelve month high of $245.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72.

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

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently bought and sold shares of TTWO. Geneos Wealth Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 50.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 458 shares of the company's stock worth $111,000 after acquiring an additional 154 shares during the last quarter. Caxton Associates LLP lifted its holdings in shares of Take-Two Interactive Software by 279.6% in the 2nd quarter. Caxton Associates LLP now owns 136,916 shares of the company's stock worth $33,250,000 after acquiring an additional 100,848 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $100,000. National Bank of Canada FI lifted its holdings in shares of Take-Two Interactive Software by 111.0% in the 2nd quarter. National Bank of Canada FI now owns 295,916 shares of the company's stock worth $71,862,000 after acquiring an additional 155,666 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its holdings in shares of Take-Two Interactive Software by 14.7% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 7,362 shares of the company's stock worth $1,787,000 after acquiring an additional 944 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TTWO shares. Wedbush raised their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Raymond James Financial raised their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Bank of America raised their target price on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average 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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