Take-Two Interactive Software (NASDAQ:TTWO) CEO Sells $47,507,012.46 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 26th, Strauss Zelnick sold 70,000 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $222.20, for a total transaction of $15,554,000.00.

Take-Two Interactive Software Stock Down 1.0%

TTWO opened at $214.39 on Friday. The firm’s 50-day simple moving average is $215.54 and its 200-day simple moving average is $224.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79. The firm has a market cap of $39.81 billion, a price-to-earnings ratio of -132.34, a PEG ratio of 3.31 and a beta of 0.98.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TTWO. Norges Bank acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $735,389,000. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after purchasing an additional 932,659 shares during the period. AQR Capital Management LLC lifted its position in Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares during the period. Amundi lifted its position in Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after purchasing an additional 688,133 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on TTWO shares. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Raymond James Financial raised 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 report on Tuesday, February 10th. Finally, Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.06.

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.