Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells 1,151 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded down $1.84 on Monday, hitting $212.55. The company’s stock had a trading volume of 2,471,278 shares, compared to its average volume of 2,197,057. 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 1 year low of $187.63 and a 1 year high of $264.79. The firm has a fifty day moving average price of $215.54 and a 200-day moving average price of $224.20. The company has a market capitalization of $39.46 billion, a price-to-earnings ratio of -131.20, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

Analyst Ratings Changes

Several equities analysts recently weighed in on TTWO shares. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Piper Sandler started coverage on Take-Two Interactive Software in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $280.00 price target for the company. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company cut their price objective on 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. Finally, 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 research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $287.06.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $28,000. MV Capital Management Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Finally, True Wealth Design LLC increased its stake in Take-Two Interactive Software by 91.9% during the 4th quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after buying an additional 68 shares in the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.