Michael Sheresky Sells 247 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Get Rating) Director Michael Sheresky sold 247 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $137.16, for a total value of $33,878.52. Following the completion of the sale, the director now directly owns 62,935 shares of the company’s stock, valued at approximately $8,632,164.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Take-Two Interactive Software Trading Up 1.6 %

Shares of NASDAQ TTWO traded up $2.25 during midday trading on Friday, hitting $138.98. 1,214,150 shares of the company traded hands, compared to its average volume of 1,797,688. Take-Two Interactive Software, Inc. has a 12-month low of $90.00 and a 12-month high of $141.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 0.65. The stock has a 50-day moving average price of $123.46 and a 200 day moving average price of $112.34. The firm has a market cap of $23.44 billion, a P/E ratio of -20.35, a P/E/G ratio of 4.38 and a beta of 0.69.

Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last announced its quarterly earnings results on Wednesday, May 17th. The company reported ($3.62) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($4.30). Take-Two Interactive Software had a negative net margin of 21.02% and a positive return on equity of 3.52%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Take-Two Interactive Software’s quarterly revenue was up 64.7% compared to the same quarter last year. As a group, analysts expect that Take-Two Interactive Software, Inc. will post 3.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Roth Mkm dropped their price target on Take-Two Interactive Software from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, February 7th. DZ Bank cut Take-Two Interactive Software from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Tuesday, February 14th. BMO Capital Markets upped their price objective on shares of Take-Two Interactive Software from $130.00 to $160.00 in a research report on Monday. KeyCorp dropped their price objective on shares of Take-Two Interactive Software from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, February 7th. Finally, 92 Resources reaffirmed a “maintains” rating on shares of Take-Two Interactive Software in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.46.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its stake in Take-Two Interactive Software by 82.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 236 shares of the company’s stock worth $25,000 after acquiring an additional 107 shares in the last quarter. Connectus Wealth LLC boosted its stake in Take-Two Interactive Software by 23.2% during the first quarter. Connectus Wealth LLC now owns 20,602 shares of the company’s stock worth $25,000 after acquiring an additional 3,874 shares in the last quarter. Money Concepts Capital Corp boosted its stake in Take-Two Interactive Software by 73.2% during the fourth quarter. Money Concepts Capital Corp now owns 284 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. CI Investments Inc. lifted its stake in shares of Take-Two Interactive Software by 161.9% in the third quarter. CI Investments Inc. now owns 309 shares of the company’s stock worth $34,000 after buying an additional 191 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Take-Two Interactive Software by 50.0% in the first quarter. First Horizon Advisors Inc. now owns 282 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

About Take-Two Interactive Software

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Take-Two Interactive Software, Inc engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers, including smart phones and tablets, and are delivered through physical retail, digital download, online platforms, and cloud streaming services.