Key Points
- Take-Two Interactive director Laverne Evans Srinivasan sold 373 shares on June 1 at an average price of $229.35, totaling $85,547.55. After the sale, she still directly owned 8,719 shares worth about $2.0 million.
- TTWO shares were down 2.0% in Wednesday trading, opening at $222.38. The stock remains below its 52-week high of $264.79 but above its 52-week low of $187.63.
- Analysts remain broadly positive on Take-Two, with an average rating of “Moderate Buy” and an average price target of $287.06. Institutional ownership is also high, with hedge funds and other investors holding 95.46% of the stock.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Laverne Evans Srinivasan sold 373 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $229.35, for a total value of $85,547.55. Following the completion of the sale, the director directly owned 8,719 shares of the company's stock, valued at approximately $1,999,702.65. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Take-Two Interactive Software Stock Down 2.0%
Shares of NASDAQ:TTWO opened at $222.38 on Wednesday. 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 market cap of $41.29 billion, a PE ratio of -137.27, a P/E/G ratio of 3.47 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The stock's 50-day moving average is $213.87 and its 200 day moving average is $224.74.
Analyst Ratings Changes
A number of research firms have 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 report on Tuesday, February 10th. 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. BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Benchmark reiterated a "buy" rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $287.06.
Check Out Our Latest Research Report on Take-Two Interactive Software
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. Norges Bank bought a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $735,389,000. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company's stock valued at $5,606,808,000 after buying an additional 932,659 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company's stock valued at $291,551,000 after buying an additional 704,316 shares during the period. Amundi lifted its holdings in shares of Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company's stock valued at $492,562,000 after buying an additional 688,133 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company's stock valued at $471,845,000 after buying an additional 568,263 shares during the period. 95.46% of the stock is owned by institutional investors.
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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