Take-Two Interactive Software (NASDAQ:TTWO) President Sells $8,720,960.22 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total value of $8,720,960.22. Following the transaction, the president owned 40,358 shares of the company’s stock, valued at $8,720,960.22. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Monday, June 1st, Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46.

Take-Two Interactive Software Stock Down 1.0%

Shares of TTWO opened at $214.39 on Friday. The company has a market capitalization of $39.81 billion, a P/E ratio of -132.34, a PEG ratio of 3.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. The business’s 50 day simple moving average is $215.54 and its 200-day simple moving average is $224.26.

Analyst Ratings Changes

TTWO has been the topic of several recent analyst reports. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Piper Sandler initiated coverage on Take-Two Interactive Software in a report on Tuesday. They issued an “overweight” rating and a $280.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a report on Tuesday, February 10th. Finally, Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Take-Two Interactive Software by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 21,851 shares of the company’s stock worth $4,316,000 after buying an additional 853 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Take-Two Interactive Software by 10.4% during the 1st quarter. Glenmede Trust Co. NA now owns 4,728 shares of the company’s stock valued at $934,000 after acquiring an additional 447 shares during the last quarter. Summitry LLC bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $224,000. Essential Partners LLC raised its position in shares of Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Finally, Groupe la Francaise raised its position in shares of Take-Two Interactive Software by 21.8% during the 1st quarter. Groupe la Francaise now owns 8,983 shares of the company’s stock valued at $1,713,000 after acquiring an additional 1,609 shares during the last quarter. 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.