Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $85,547.55 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Laverne Evans Srinivasan sold 373 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $229.35, for a total transaction of $85,547.55. Following the completion of the sale, the director directly owned 8,719 shares of the company’s stock, valued at $1,999,702.65. This represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Take-Two Interactive Software Stock Down 2.0%

Shares of TTWO traded down $4.65 during mid-day trading on Tuesday, hitting $222.33. 2,623,129 shares of the company’s stock were exchanged, compared to its average volume of 2,633,566. The stock has a market cap of $41.28 billion, a price-to-earnings ratio of -140.11, a P/E/G ratio of 3.42 and a beta of 0.98. The firm has a fifty day moving average of $213.87 and a two-hundred day moving average of $224.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $264.79.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Take-Two Interactive Software by 30.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares during the last quarter. Compagnie Lombard Odier SCmA grew its position in shares of Take-Two Interactive Software by 28.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 210 shares of the company’s stock valued at $54,000 after buying an additional 46 shares during the last quarter. First Horizon Corp grew its position in shares of Take-Two Interactive Software by 26.4% in the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Take-Two Interactive Software by 10.0% in the 3rd quarter. Westside Investment Management Inc. now owns 526 shares of the company’s stock valued at $135,000 after buying an additional 48 shares during the last quarter. Finally, Hunter Associates Investment Management LLC grew its position in shares of Take-Two Interactive Software by 0.4% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Piper Sandler assumed coverage on Take-Two Interactive Software in a report on Tuesday. They set an “overweight” rating and a $280.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

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.