Insider Selling: 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 the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total value of $84,345.02. Following the completion of the sale, the director directly owned 1,833 shares of the company’s stock, valued at approximately $462,887.49. This trade represents a 15.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Stock Down 2.5%

TTWO opened at $251.38 on Thursday. The company has a market cap of $46.67 billion, a price-to-earnings ratio of -155.17, a PEG ratio of 4.94 and a beta of 0.96. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The business’s fifty day moving average is $230.20 and its two-hundred day moving average is $222.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Analyst Ratings Changes

A number of research analysts have weighed in on TTWO shares. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. BTIG Research reissued a “buy” rating and issued a $293.00 price target on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Wells Fargo & Company raised their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $293.00.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors have recently modified their holdings of the company. MCF Advisors LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $28,000. Essential Partners LLC increased its position in shares of Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $34,000. Finally, MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.