Take-Two Interactive Software (NASDAQ:TTWO) CEO Strauss Zelnick Sells 7,946 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 7,946 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the completion of the sale, the chief executive officer owned 170,756 shares of the company’s stock, valued at approximately $36,569,104.96. This represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Strauss Zelnick also recently made the following trade(s):

• 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 Stock Performance

Shares of TTWO stock traded down $1.28 during midday trading on Wednesday, hitting $215.77. The company had a trading volume of 2,470,403 shares, compared to its average volume of 2,436,636. Take-Two Interactive Software, Inc. has a 52-week low of $188.56 and a 52-week high of $264.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $228.24 and its 200 day simple moving average is $240.02. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of -9.64, a PEG ratio of 8.76 and a beta of 0.94.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA grew its stake in Take-Two Interactive Software by 27.1% during the 3rd quarter. Private Trust Co. NA now owns 183 shares of the company’s stock worth $47,000 after buying an additional 39 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in Take-Two Interactive Software by 0.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after purchasing an additional 39 shares during the period. Mather Group LLC. grew its position in Take-Two Interactive Software by 2.7% in the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after purchasing an additional 39 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Take-Two Interactive Software by 42.9% during the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Take-Two Interactive Software by 30.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after buying an additional 45 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTWO has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. B. Riley Financial started coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target for the company. Wells Fargo & Company dropped their target price on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target for the company in a research note on Monday, December 1st. Finally, Raymond James Financial upgraded shares of 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 note on Tuesday, February 10th. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.