Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $101,628.72 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 414 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director directly owned 2,429 shares in the company, valued at $596,270.92. This represents a 14.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Take-Two Interactive Software Stock Down 1.7%

Shares of NASDAQ TTWO opened at $240.14 on Monday. The stock has a market cap of $44.37 billion, a P/E ratio of -10.63, a PEG ratio of 3.83 and a beta of 0.92. The business’s fifty day simple moving average is $246.09 and its 200-day simple moving average is $243.67. Take-Two Interactive Software, Inc. has a 12-month low of $179.61 and a 12-month high of $264.79. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.73.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.13. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.Take-Two Interactive Software’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.08) EPS. As a group, equities analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTWO has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a research note on Monday, December 1st. Jefferies Financial Group increased their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wall Street Zen cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, Wells Fargo & Company lifted their price target on Take-Two Interactive Software from $277.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.57.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently bought and sold shares of the stock. ORG Partners LLC lifted its holdings in shares of Take-Two Interactive Software by 115.7% in the 2nd quarter. ORG Partners LLC now owns 110 shares of the company’s stock valued at $26,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. increased its position in 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. Pilgrim Partners Asia Pte Ltd purchased a new stake in Take-Two Interactive Software in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.