Insider Selling: Take Two Interactive Software Inc (TTWO) President Sells 387,237 Shares of Stock

Take Two Interactive Software Inc (NASDAQ:TTWO) President Karl Slatoff sold 387,237 shares of Take Two Interactive Software stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $57.98, for a total transaction of $22,452,001.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Take Two Interactive Software Inc (NASDAQ:TTWO) traded up 0.44% on Friday, reaching $62.30. 1,191,855 shares of the company’s stock traded hands. The stock has a 50-day moving average of $58.62 and a 200 day moving average of $52.19. The firm has a market cap of $5.63 billion, a P/E ratio of 373.05 and a beta of 0.86. Take Two Interactive Software Inc has a 12-month low of $33.06 and a 12-month high of $62.67.

Take Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.03. Take Two Interactive Software had a return on equity of 21.74% and a net margin of 0.91%. The business had revenue of $476.50 million for the quarter, compared to analyst estimates of $689.64 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. On average, equities research analysts expect that Take Two Interactive Software Inc will post $1.98 earnings per share for the current year.

Insider Buying and Selling by Quarter for Take Two Interactive Software (NASDAQ:TTWO)

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Take Two Interactive Software Inc (TTWO) President Sells 387,237 Shares of Stock” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/04/21/take-two-interactive-software-inc-ttwo-president-karl-slatoff-sells-387237-shares-updated.html.

Several large investors have recently modified their holdings of the company. Navellier & Associates Inc raised its stake in shares of Take Two Interactive Software by 5.3% in the first quarter. Navellier & Associates Inc now owns 11,566 shares of the company’s stock worth $686,000 after buying an additional 578 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Take Two Interactive Software by 88.0% in the first quarter. Retirement Systems of Alabama now owns 130,921 shares of the company’s stock worth $7,760,000 after buying an additional 61,298 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Take Two Interactive Software during the first quarter worth about $433,000. Columbus Circle Investors increased its position in shares of Take Two Interactive Software by 71.0% in the first quarter. Columbus Circle Investors now owns 1,011,013 shares of the company’s stock worth $59,923,000 after buying an additional 419,949 shares during the last quarter. Finally, Barometer Capital Management Inc. increased its position in shares of Take Two Interactive Software by 22.8% in the first quarter. Barometer Capital Management Inc. now owns 125,600 shares of the company’s stock worth $7,444,000 after buying an additional 23,300 shares during the last quarter.

Several research firms have recently weighed in on TTWO. Credit Suisse Group AG lifted their target price on shares of Take Two Interactive Software from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 31st. Zacks Investment Research upgraded shares of Take Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $68.00 target price for the company in a research note on Thursday, April 6th. Stifel Nicolaus lifted their target price on shares of Take Two Interactive Software from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, January 11th. Cowen and Company reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Take Two Interactive Software in a research note on Sunday, February 5th. Finally, TheStreet cut shares of Take Two Interactive Software from a “b+” rating to a “c+” rating in a research note on Thursday, February 9th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $59.48.

Take Two Interactive Software Company Profile

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.

5 Day Chart for NASDAQ:TTWO

Receive News & Ratings for Take Two Interactive Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take Two Interactive Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply