Take-Two Interactive Software (NASDAQ:TTWO) CEO Strauss Zelnick Sells 70,000 Shares of Stock

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

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 shares were 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 shares were sold at an average price of $214.40, for a total value of $11,160,377.60.

Take-Two Interactive Software Trading Down 0.3%

Shares of NASDAQ TTWO opened at $217.87 on Friday. The business has a fifty day moving average price of $212.97 and a 200 day moving average price of $224.91. 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 debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.14. The stock has a market capitalization of $40.45 billion, a P/E ratio of -134.49, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97.

Institutional Investors Weigh In On Take-Two Interactive Software

Several institutional investors and hedge funds have recently made changes to their positions in TTWO. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $28,000. Essential Partners LLC lifted its stake in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after buying an additional 130 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $34,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. 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 research note 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. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a report on Tuesday, February 10th. Finally, DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.53.

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.