Lainie Goldstein Sells 30,000 Shares of Take-Two Interactive Software, Inc. (TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.68, for a total value of $2,630,400.00. Following the sale, the chief financial officer now directly owns 409,019 shares of the company’s stock, valued at $35,862,785.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) opened at 92.07 on Friday. The stock has a 50 day moving average price of $81.73 and a 200 day moving average price of $68.44. Take-Two Interactive Software, Inc. has a one year low of $40.63 and a one year high of $93.09. The firm has a market cap of $9.62 billion, a PE ratio of 54.35 and a beta of 0.83.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a net margin of 8.73% and a return on equity of 28.89%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) earnings per share. Equities research analysts expect that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current year.

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Several large investors have recently bought and sold shares of the stock. Northpointe Capital LLC bought a new stake in Take-Two Interactive Software during the first quarter worth about $2,812,000. ProShare Advisors LLC increased its stake in Take-Two Interactive Software by 17.7% in the first quarter. ProShare Advisors LLC now owns 18,390 shares of the company’s stock worth $1,090,000 after buying an additional 2,764 shares during the last quarter. Profund Advisors LLC increased its stake in Take-Two Interactive Software by 0.3% in the first quarter. Profund Advisors LLC now owns 16,831 shares of the company’s stock worth $998,000 after buying an additional 45 shares during the last quarter. Magee Thomson Investment Partners LLC bought a new stake in Take-Two Interactive Software during the first quarter worth about $5,304,000. Finally, Nationwide Fund Advisors increased its stake in Take-Two Interactive Software by 72.3% in the first quarter. Nationwide Fund Advisors now owns 554,187 shares of the company’s stock worth $32,847,000 after buying an additional 232,630 shares during the last quarter. Institutional investors own 95.60% of the company’s stock.

Several research firms have commented on TTWO. Stifel Nicolaus restated a “buy” rating and set a $96.00 price objective (up from $87.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. Macquarie restated an “outperform” rating and set a $99.00 price objective (up from $82.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. MKM Partners restated a “buy” rating and set a $97.00 price objective (up from $86.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. Benchmark Co. restated a “buy” rating and set a $100.00 price objective (up from $85.00) on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. Finally, Credit Suisse Group restated a “neutral” rating and set a $73.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $85.22.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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