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Emerson (NYSE:EMR) Daniel P, Chief Legal Officer of Take-Two Interactive Software (ETR:SOWGn) Inc. (NASDAQ:TTWO), recently sold 577 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed at a price of $211.24 per share, totaling approximately $121,885. The sale comes as TTWO trades near its 52-week high of $218.75, having gained over 32% in the past six months.
This sale was conducted under a Rule 10b5-1 plan, specifically as a "sell to cover" transaction. This means it was carried out to meet tax withholding obligations related to the settlement of previously granted restricted units, rather than as a discretionary trade by Emerson.
Following this transaction, Emerson holds 148,184 shares in various forms, including vested and unvested stock units.
In other recent news, Take-Two Interactive has made significant strides with the acquisition of Sydney-based development studio Video Games Deluxe (NYSE:DLX), which will now operate as Rockstar Australia. This strategic move is expected to enhance Take-Two’s development capabilities and expand its presence in the Australian market. Additionally, DA Davidson has initiated coverage on Take-Two Interactive with a Buy rating and a price target of $250, citing strong intellectual property and a busy release schedule for 2025 as key factors for growth.
TD Cowen also maintained a Buy rating with a $211 target, noting the company’s solid third-quarter fiscal year 2025 bookings driven by NBA 2K, despite weaker mobile segment results. The firm slightly adjusted its full-year bookings estimate to $5.61 billion and EBIT predictions to $624 million, reflecting a 5% year-over-year growth. Benchmark analysts raised their price target to $225, following Take-Two’s robust third-quarter results, emphasizing the potential impact of upcoming major titles like Borderlands 4 and Grand Theft Auto 6.
Mizuho (NYSE:MFG)’s Jordan Klein continues to advocate for Take-Two as a top non-AI stock, highlighting the stock’s year-to-date rise and potential upside. The recent developments, including the reaffirmation of the Grand Theft Auto VI release for Fall 2025, are seen as catalysts for continued investor interest. These updates underscore Take-Two Interactive’s strong market positioning and future growth prospects in the gaming industry.
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