Key Points
- Take-Two Interactive director Ellen Siminoff sold 334 shares on July 1 at an average price of $252.53, totaling about $84,345. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Siminoff held 1,833 shares valued at about $462,887, representing a 15.41% decrease in her position.
- Wall Street remains constructive on TTWO, with several firms raising price targets and the stock carrying a consensus Moderate Buy rating and average target price of $293.00.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Ellen Siminoff sold 334 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the transaction, the director owned 1,833 shares of the company's stock, valued at $462,887.49. The trade was a 15.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Take-Two Interactive Software Trading Up 2.1%
Shares of NASDAQ:TTWO opened at $263.72 on Tuesday. The company's 50-day moving average price is $228.51 and its two-hundred day moving average price is $222.84. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. 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 has a market capitalization of $48.97 billion, a PE ratio of -162.79, a price-to-earnings-growth ratio of 4.99 and a beta of 0.96.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TTWO shares. BMO Capital Markets upped their target price on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their price target on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an "overweight" rating in a research report on Tuesday. DA Davidson reiterated a "buy" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Bank of America increased their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, Benchmark reissued a "buy" 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, seventeen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus target price of $293.00.
View Our Latest Stock Analysis on Take-Two Interactive Software
Institutional Investors Weigh In On Take-Two Interactive Software
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock worth $5,598,914,000 after buying an additional 166,661 shares during the last quarter. State Street Corp lifted its position in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company's stock valued at $2,919,362,000 after buying an additional 390,331 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 1.3% in 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 buying an additional 60,893 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company's stock worth $739,707,000 after acquiring an additional 16,758 shares during the period. Finally, Norges Bank bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $735,389,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.
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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