Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $84,345.02 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the transaction, the director owned 1,833 shares of the company’s stock, valued at $462,887.49. This represents a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded up $3.42 during trading on Monday, hitting $258.41. 1,881,257 shares of the company were exchanged, compared to its average volume of 2,329,205. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The stock has a 50 day moving average of $227.54 and a 200 day moving average of $222.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $47.98 billion, a PE ratio of -159.51, a P/E/G ratio of 4.99 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. LBP AM SA grew its stake in shares of Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after purchasing an additional 48,384 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Take-Two Interactive Software by 597.1% during 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. lifted its holdings 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 worth $11,489,000 after buying an additional 14,050 shares during the period. 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 worth $16,489,000 after buying an additional 16,314 shares during the period. Finally, Swedbank AB grew its position in shares of Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after buying an additional 9,556 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TTWO shares. BTIG Research reiterated a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a research report on Thursday. Wells Fargo & Company reduced their price objective on shares of 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. Bank of America upped their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. BMO Capital Markets raised their price target on shares of Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.88.

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.