Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) CEO Sells 70,000 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 70,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $222.20, for a total value of $15,554,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, March 3rd, Strauss Zelnick sold 7,946 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36.
• On Monday, March 2nd, Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $214.40, for a total value of $11,160,377.60.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO traded down $0.59 during midday trading on Thursday, hitting $217.87. The company had a trading volume of 2,698,151 shares, compared to its average volume of 2,147,165. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.14. The company has a market cap of $40.34 billion, a price-to-earnings ratio of -134.49, a PEG ratio of 3.37 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79. The company has a fifty day moving average of $212.74 and a two-hundred day moving average of $225.01.

Analysts Set New Price Targets

TTWO has been the subject of several analyst reports. 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. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average target price of $287.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LBP AM SA grew its holdings 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 buying an additional 48,384 shares during the last quarter. AGF Management Ltd. lifted its position in Take-Two Interactive Software by 33.1% during the third quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after purchasing an additional 18,119 shares during the period. Compass Wealth Management LLC acquired a new position in Take-Two Interactive Software during the third quarter valued at $3,419,000. M&G PLC acquired a new position in Take-Two Interactive Software during the third quarter valued at $12,465,000. Finally, Swedbank AB lifted its position in Take-Two Interactive Software by 7.6% during the fourth 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 during the period. Institutional investors own 95.46% of the company’s stock.

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.