Key Points
- Director Michael Dornemann sold 1,390 shares of Take‑Two on March 5 at an average price of $213.09 for $296,195.10, reducing his stake by 6.07% to 21,525 shares (valued ≈ $4.59M).
- TTWO opened at $211.50 with a market cap of $39.17B and a negative P/E of -9.45; analysts rate the stock a consensus "Moderate Buy" with an average price target of $284.44.
- Institutional ownership is very high (about 95.46%), with major holders like Vanguard and State Street increasing their positions in recent quarters.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Michael Dornemann sold 1,390 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the sale, the director owned 21,525 shares of the company's stock, valued at $4,586,762.25. This trade represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Take-Two Interactive Software Stock Down 0.5%
TTWO opened at $211.50 on Friday. The firm's 50 day simple moving average is $225.85 and its two-hundred day simple moving average is $239.52. The company has a market capitalization of $39.17 billion, a PE ratio of -9.45, a PEG ratio of 8.71 and a beta of 0.94. Take-Two Interactive Software, Inc. has a 1-year low of $188.56 and a 1-year high of $264.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TTWO. Raymond James Financial upgraded Take-Two Interactive Software from an "outperform" rating to a "strong-buy" rating and set a $285.00 target price on the stock in a research report on Tuesday, February 10th. Morgan Stanley raised their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, February 2nd. TD Cowen reiterated a "buy" rating on shares of Take-Two Interactive Software in a research note on Tuesday, November 25th. Finally, Arete Research upgraded shares of Take-Two Interactive Software from a "neutral" rating to a "buy" rating and set a $284.00 target price on the stock in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $284.44.
View Our Latest Analysis on Take-Two Interactive Software
Institutional Investors Weigh In On Take-Two Interactive Software
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock valued at $5,598,914,000 after buying an additional 166,661 shares in the last quarter. State Street Corp increased its stake in Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company's stock worth $2,919,362,000 after acquiring an additional 390,331 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Take-Two Interactive Software by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company's stock valued at $1,341,789,000 after purchasing an additional 166,867 shares during the period. Geode Capital Management LLC raised its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company's stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Take-Two Interactive Software by 17.3% in the 2nd quarter. Invesco Ltd. now owns 3,490,676 shares of the company's stock valued at $847,711,000 after purchasing an additional 515,484 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.
Take-Two Interactive Software Company Profile
(
Get Free Report)
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.
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