Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Michael Dornemann sold 1,151 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company's stock, valued at $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Take-Two Interactive Software Stock Down 0.9%
Shares of TTWO opened at $212.55 on Tuesday. The company has a 50-day simple moving average of $215.89 and a 200-day simple moving average of $224.01. The firm has a market capitalization of $39.46 billion, a P/E ratio of -131.20, a P/E/G ratio of 3.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $264.79.
Wall Street Analyst Weigh In
TTWO has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an "overweight" rating for the company in a research report on Friday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Piper Sandler initiated coverage on shares of Take-Two Interactive Software in a research report on Tuesday, June 2nd. They issued an "overweight" rating and a $280.00 price target for the company. Finally, Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. One 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 given a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average price target of $287.06.
Get Our Latest Stock Analysis on Take-Two Interactive Software
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $28,000. MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $34,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $34,000. Finally, True Wealth Design LLC increased its holdings in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company's stock worth $36,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.
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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