TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Insider Daniel P. Emerson Sells 4,500 Shares

TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) insider Daniel P. Emerson sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $126.77, for a total value of $570,465.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Daniel P. Emerson also recently made the following trade(s):

  • On Monday, June 17th, Daniel P. Emerson sold 8,758 shares of TAKE-TWO INTERACTIVE SOFTWARE stock. The stock was sold at an average price of $109.92, for a total value of $962,679.36.

NASDAQ TTWO traded up $2.66 on Monday, reaching $129.86. 1,047,458 shares of the stock traded hands, compared to its average volume of 2,208,866. The company has a fifty day moving average price of $120.17 and a 200-day moving average price of $104.26. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 4.02 and a beta of 0.80. TAKE-TWO INTERACTIVE SOFTWARE, INC has a 12 month low of $84.41 and a 12 month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its earnings results on Monday, August 5th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.14. The business had revenue of $422.24 million during the quarter, compared to analyst estimates of $356.65 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 23.95% and a net margin of 10.93%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 46.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Equities analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE, INC will post 3.07 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in TAKE-TWO INTERACTIVE SOFTWARE by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,883,660 shares of the company’s stock valued at $1,349,152,000 after purchasing an additional 158,269 shares in the last quarter. Invesco Ltd. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 11.2% in the 2nd quarter. Invesco Ltd. now owns 4,656,054 shares of the company’s stock valued at $528,602,000 after acquiring an additional 467,758 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 10.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,099,298 shares of the company’s stock valued at $464,820,000 after acquiring an additional 399,633 shares during the period. Waddell & Reed Financial Inc. increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 0.3% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,048,180 shares of the company’s stock valued at $232,530,000 after acquiring an additional 6,912 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 5.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,887,951 shares of the company’s stock valued at $214,339,000 after acquiring an additional 101,941 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on TTWO shares. Stephens reissued an “overweight” rating and set a $120.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, July 17th. Zacks Investment Research lowered TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Wedbush reissued a “buy” rating and set a $144.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Tuesday, August 6th. BidaskClub raised TAKE-TWO INTERACTIVE SOFTWARE from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Finally, Buckingham Research decreased their price target on TAKE-TWO INTERACTIVE SOFTWARE from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $130.91.

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 and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

Further Reading: How to Track your Portfolio in Google Finance

Insider Buying and Selling by Quarter for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.