Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Insider Sells $6,093,552.32 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded up $1.85 during midday trading on Thursday, reaching $231.03. The stock had a trading volume of 2,340,147 shares, compared to its average volume of 1,751,604. Take-Two Interactive Software, Inc. has a one year low of $135.24 and a one year high of $240.78. The firm has a market cap of $40.99 billion, a PE ratio of -10.83, a P/E/G ratio of 6.83 and a beta of 1.08. The firm has a 50 day simple moving average of $219.67 and a 200-day simple moving average of $203.37. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

A number of research firms recently weighed in on TTWO. The Goldman Sachs Group upped their target price on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Wedbush reissued an "outperform" rating and set a $269.00 price objective (up previously from $253.00) on shares of Take-Two Interactive Software in a report on Friday, May 16th. Robert W. Baird lifted their target price on 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. Moffett Nathanson increased their target price on Take-Two Interactive Software from $156.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, DA Davidson increased their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $228.10.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently modified their holdings of the stock. Wealthfront Advisers LLC grew its holdings in Take-Two Interactive Software by 1,630,798.7% in the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company's stock valued at $26,223,853,000 after buying an additional 142,450,266 shares in the last quarter. Norges Bank acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at about $495,086,000. Nuveen LLC bought a new stake in shares of Take-Two Interactive Software during the first quarter worth $288,410,000. Price T Rowe Associates Inc. MD raised its stake in shares of Take-Two Interactive Software by 425.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,431,310 shares of the company's stock valued at $296,640,000 after acquiring an additional 1,158,783 shares during the last quarter. Finally, Contour Asset Management LLC bought a new position in Take-Two Interactive Software during the 1st quarter worth $180,701,000. 95.46% of the stock is owned by institutional investors.

About Take-Two Interactive Software

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.