Take-Two Interactive Software (NASDAQ:TTWO) CEO Sells $10,105,600.00 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $252.64, for a total transaction of $10,105,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, June 1st, Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46.
• On Tuesday, May 26th, Strauss Zelnick sold 70,000 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $222.20, for a total transaction of $15,554,000.00.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $241.91 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm’s fifty day simple moving average is $238.48 and its 200-day simple moving average is $221.53. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of -139.83, a PEG ratio of 1.68 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Institutional Trading of Take-Two Interactive Software

A number of large investors have recently made changes to their positions in TTWO. LBP AM SA boosted its stake in shares of Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after purchasing an additional 14,050 shares during the last quarter. Fiera Capital Corp lifted its holdings in Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after purchasing an additional 16,314 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after purchasing an additional 9,556 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTWO has been the topic of a number of recent analyst reports. BTIG Research increased their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a report on Monday. Bank of America boosted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday. Finally, Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $296.95.

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.