Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $85,547.55 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Laverne Evans Srinivasan sold 373 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $229.35, for a total value of $85,547.55. Following the completion of the sale, the director owned 8,719 shares in the company, valued at $1,999,702.65. The trade was a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $216.65 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of -133.73, a PEG ratio of 3.30 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The stock’s fifty day moving average is $215.11 and its two-hundred day moving average is $224.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TTWO. MCF Advisors LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $28,000. Essential Partners LLC boosted its position in shares of Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. Finally, MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TTWO shares. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wells Fargo & Company cut their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. Finally, Piper Sandler started coverage on shares of Take-Two Interactive Software in a research note on Tuesday. They set an “overweight” rating and a $280.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $287.06.

About Take-Two Interactive Software

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.