Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Sells $13,495,007.54 in Stock

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

Take-Two Interactive Software Price Performance

Shares of TTWO stock opened at $140.60 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $23.98 billion, a P/E ratio of -16.39, a P/E/G ratio of 1.22 and a beta of 0.74. The company’s 50-day simple moving average is $148.57 and its two-hundred day simple moving average is $152.08. Take-Two Interactive Software, Inc. has a one year low of $119.57 and a one year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its 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). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in shares of Take-Two Interactive Software by 192.4% in the 3rd quarter. Wellington Management Group LLP now owns 62,762 shares of the company’s stock worth $8,811,000 after purchasing an additional 41,297 shares during the period. Laurion Capital Management LP purchased a new stake in Take-Two Interactive Software during the third quarter valued at approximately $17,169,000. United Asset Strategies Inc. purchased a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $1,527,000. Rheos Capital Works Inc. lifted its position in Take-Two Interactive Software by 380.3% during the fourth quarter. Rheos Capital Works Inc. now owns 238,700 shares of the company’s stock valued at $38,419,000 after acquiring an additional 189,000 shares during the last quarter. Finally, Caxton Associates LP lifted its position in Take-Two Interactive Software by 4,029.8% during the third quarter. Caxton Associates LP now owns 70,000 shares of the company’s stock valued at $9,827,000 after acquiring an additional 68,305 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTWO. Jefferies Financial Group began coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They issued a “buy” rating and a $195.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. BMO Capital Markets assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $175.00 target price on shares of Take-Two Interactive Software in a report on Monday, April 1st. Finally, Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Take-Two Interactive Software in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.39.

Take-Two Interactive Software Company Profile

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.