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 firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $222.20, for a total value of $15,554,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 mid-day 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 market capitalization of $40.34 billion, a price-to-earnings ratio of -134.49, a P/E/G ratio of 3.37 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $264.79. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average price is $212.74 and its 200-day moving average price is $225.01.

Wall Street Analysts Forecast Growth

TTWO has been the topic of a number of research analyst reports. UBS Group boosted their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. Finally, Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average price target of $287.53.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. Integrated Wealth Concepts LLC bought a new position in Take-Two Interactive Software in the 1st quarter valued at approximately $425,000. Empowered Funds LLC lifted its holdings in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock valued at $688,000 after buying an additional 388 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Take-Two Interactive Software by 118.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after buying an additional 165 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at $2,747,000. Finally, Jump Financial LLC lifted its holdings in shares of Take-Two Interactive Software by 105.3% during the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after buying an additional 3,650 shares during the period. 95.46% of the stock is owned by institutional investors.

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.