Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) President Sells $47,507,012.46 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Karl Slatoff also recently made the following trade(s):

• On Wednesday, June 3rd, Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $216.09, for a total value of $8,720,960.22.

Take-Two Interactive Software Trading Down 1.0%

Shares of TTWO opened at $214.39 on Friday. The company has a market capitalization of $39.81 billion, a PE ratio of -132.34, a price-to-earnings-growth ratio of 3.31 and a beta of 0.98. The stock has a fifty day moving average of $215.54 and a two-hundred day moving average of $224.26. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $34,000. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $34,000. Finally, True Wealth Design LLC raised its position in shares of Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after buying an additional 68 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TTWO. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a report on Tuesday, February 10th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus 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.