Take-Two Interactive Software (NASDAQ:TTWO) CEO Sells $15,554,000.00 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 70,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $222.20, for a total value of $15,554,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Strauss Zelnick also recently made the following trade(s):

• On Tuesday, March 3rd, Strauss Zelnick sold 7,946 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36.
• On Monday, March 2nd, Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $214.40, for a total value of $11,160,377.60.

Take-Two Interactive Software Trading Up 2.9%

Shares of TTWO opened at $224.16 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $213.37 and a 200-day simple moving average of $224.90. The stock has a market cap of $41.62 billion, a PE ratio of -138.37, a PEG ratio of 3.42 and a beta of 0.97.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTWO. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. DA Davidson restated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company decreased their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in Take-Two Interactive Software by 28.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after buying an additional 46 shares during the last quarter. First Horizon Corp boosted its position in Take-Two Interactive Software by 26.4% in the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. Westside Investment Management Inc. boosted its position in Take-Two Interactive Software by 10.0% in the 3rd quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock valued at $135,000 after buying an additional 48 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its position in Take-Two Interactive Software by 0.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.