Traders sold shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on strength during trading on Tuesday after an insider sold shares in the company. $45.10 million flowed into the stock on the tick-up and $115.28 million flowed out of the stock on the tick-down, for a money net flow of $70.18 million out of the stock. Of all equities tracked, Take-Two Interactive Software had the 0th highest net out-flow for the day. Take-Two Interactive Software traded up $1.00 for the day and closed at $91.52Specifically, CEO Strauss Zelnick sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.68, for a total transaction of $2,630,400.00. Following the transaction, the chief financial officer now directly owns 409,019 shares in the company, valued at approximately $35,862,785.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,305 shares of company stock worth $12,321,946. Corporate insiders own 1.55% of the company’s stock.
Several research analysts have commented on TTWO shares. Benchmark Co. reiterated a “buy” rating and issued a $85.00 target price (up from $77.00) on shares of Take-Two Interactive Software in a report on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and set a $65.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. MKM Partners restated a “buy” rating and set a $80.00 price target (up from $63.00) on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 price objective (up previously from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Finally, Bank of America Corporation raised their price objective on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $85.22.
The stock has a market cap of $9.62 billion, a PE ratio of 54.35 and a beta of 0.83. The company’s 50 day moving average price is $81.73 and its 200 day moving average price is $68.44.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.25. The company had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) EPS. On average, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post $2.16 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its position in Take-Two Interactive Software by 6.4% in the first quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock worth $100,000 after buying an additional 101 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Take-Two Interactive Software during the first quarter worth $114,000. Smithfield Trust Co. purchased a new position in Take-Two Interactive Software during the second quarter worth about $125,000. Crow Point Partners LLC increased its position in Take-Two Interactive Software by 63.4% in the second quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock worth $129,000 after buying an additional 689 shares during the period. Finally, Fortaleza Asset Management Inc. purchased a new position in Take-Two Interactive Software during the second quarter worth about $134,000. Institutional investors own 95.60% of the company’s stock.
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About Take-Two Interactive Software
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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