Take-Two Interactive Software (NASDAQ:TTWO) CEO Sells $11,160,377.60 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 52,054 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60. Following the transaction, the chief executive officer owned 178,702 shares in the company, valued at $38,313,708.80. This represents a 22.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 transaction of $1,701,715.36.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $211.50 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average price of $225.85 and a 200-day moving average price of $239.52. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79. The firm has a market capitalization of $39.17 billion, a PE ratio of -9.45, a P/E/G ratio of 8.71 and a beta of 0.94.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Arete Research upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 target price for the company in a research note on Monday, December 1st. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Finally, Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target for the company in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.44.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AG Campbell Advisory LLC bought a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $698,000. EJMK Ventures LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $212,000. Reflection Asset Management bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth approximately $40,000. Sit Investment Associates Inc. increased its stake in shares of Take-Two Interactive Software by 1.2% in the fourth quarter. Sit Investment Associates Inc. now owns 31,923 shares of the company’s stock worth $8,173,000 after purchasing an additional 388 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Pacer Advisors Inc. now owns 27,598 shares of the company’s stock worth $7,066,000 after purchasing an additional 361 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Company Profile

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.