Key Points
- Take-Two Interactive CEO Strauss Zelnick sold 70,000 shares on May 26 at an average price of $222.20, totaling about $15.55 million, according to an SEC filing.
- Zelnick also sold shares earlier in March, including 7,946 shares on March 3 and 52,054 shares on March 2, showing a recent pattern of insider selling.
- TTWO shares were down slightly to $217.87, while analysts remain generally positive on the stock with a Moderate Buy consensus and an average price target of $287.53.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) 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 transaction of $15,554,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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 shares were sold at an average price of $214.40, for a total value of $11,160,377.60.
Take-Two Interactive Software Stock Down 0.3%
Shares of TTWO stock opened at $217.87 on Friday. The stock has a 50 day moving average of $212.97 and a 200 day moving average of $224.91. 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 has a market cap of $40.45 billion, a P/E ratio of -134.49, a P/E/G ratio of 3.34 and a beta of 0.97. 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 have recently modified their holdings of TTWO. MCF Advisors LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Take-Two Interactive Software in the third quarter valued at about $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $28,000. Essential Partners LLC grew 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 valued at $33,000 after purchasing an additional 130 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. 95.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Wedbush restated an "outperform" rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Zacks Research lowered shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an "overweight" rating on the stock in a research note on Friday, May 22nd. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. 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. According to MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average price target of $287.53.
View Our Latest Stock Analysis on TTWO
About Take-Two Interactive Software
(
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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