Michael Dornemann Sells 1,151 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Take-Two Interactive Software Stock Performance

TTWO traded down $1.84 on Monday, reaching $212.55. 2,471,278 shares of the stock were exchanged, compared to its average volume of 2,197,057. The company’s 50-day moving average price is $215.54 and its 200 day moving average price is $224.20. 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 current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $39.46 billion, a PE ratio of -131.20, a PEG ratio of 3.27 and a beta of 0.98.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Piper Sandler initiated coverage on Take-Two Interactive Software in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $280.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently modified their holdings of TTWO. MCF Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $28,000. Essential Partners LLC lifted its holdings 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 buying 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 about $34,000. Finally, MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.