Take-Two Interactive Software (NASDAQ:TTWO) CEO Sells $11,160,377.60 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $214.40, for a total value of $11,160,377.60. Following the completion of the sale, the chief executive officer directly owned 178,702 shares in the company, valued at approximately $38,313,708.80. The trade was a 22.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded down $1.28 on Wednesday, reaching $215.77. The company’s stock had a trading volume of 2,470,403 shares, compared to its average volume of 2,436,636. The stock’s fifty day simple moving average is $228.24 and its 200-day simple moving average is $240.02. Take-Two Interactive Software, Inc. has a 1 year low of $188.56 and a 1 year high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $39.96 billion, a price-to-earnings ratio of -9.64, a price-to-earnings-growth ratio of 8.76 and a beta of 0.94.

Institutional Investors Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently modified their holdings of the business. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at about $27,000. GHP Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $28,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software during the third quarter valued at approximately $29,000. 95.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TTWO has been the topic of a number of research reports. B. Riley Financial initiated coverage on shares of Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 target price on the stock. UBS Group lifted their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective 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 note on Thursday, February 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $284.44.

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.