Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Sells 90,851 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 90,851 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Take-Two Interactive Software Stock Down 1.0 %

NASDAQ:TTWO traded down $1.43 during mid-day trading on Wednesday, reaching $144.02. The stock had a trading volume of 804,341 shares, compared to its average volume of 1,657,245. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of -16.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. Take-Two Interactive Software, Inc. has a 1-year low of $119.57 and a 1-year high of $171.59. The stock’s 50 day simple moving average is $149.97 and its two-hundred day simple moving average is $152.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. Equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the company. Harbour Capital Advisors LLC lifted its holdings in Take-Two Interactive Software by 1.7% in the first quarter. Harbour Capital Advisors LLC now owns 7,738 shares of the company’s stock worth $1,157,000 after acquiring an additional 127 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Take-Two Interactive Software in the first quarter worth about $496,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Take-Two Interactive Software by 6.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,834 shares of the company’s stock worth $2,351,000 after acquiring an additional 960 shares during the last quarter. Eagle Rock Investment Company LLC lifted its holdings in Take-Two Interactive Software by 1.8% in the first quarter. Eagle Rock Investment Company LLC now owns 11,769 shares of the company’s stock worth $1,748,000 after acquiring an additional 204 shares during the last quarter. Finally, Anderson Hoagland & Co. lifted its holdings in Take-Two Interactive Software by 6.9% in the first quarter. Anderson Hoagland & Co. now owns 23,066 shares of the company’s stock worth $3,509,000 after acquiring an additional 1,492 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on TTWO shares. Roth Mkm increased their price target on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Wells Fargo & Company increased their target price on Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Jefferies Financial Group started coverage on Take-Two Interactive Software in a research report on Monday, April 1st. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $176.39.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.