Take-Two Interactive Software (NASDAQ:TTWO) CEO Strauss Zelnick Sells 208,969 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Strauss Zelnick also recently made the following trade(s):

• On Tuesday, May 26th, Strauss Zelnick sold 70,000 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $222.20, for a total value of $15,554,000.00.

Take-Two Interactive Software Trading Down 3.0%

NASDAQ:TTWO opened at $215.80 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79. The firm has a market capitalization of $40.07 billion, a price-to-earnings ratio of -133.21, a price-to-earnings-growth ratio of 3.40 and a beta of 0.98. The stock has a fifty day simple moving average of $214.60 and a 200 day simple moving average of $224.46.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Essential Partners LLC grew its holdings in shares of Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $34,000. 95.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Piper Sandler began coverage on Take-Two Interactive Software in a research note on Tuesday. They set an “overweight” rating and a $280.00 price target for the company. Raymond James Financial raised 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $287.06.

About Take-Two Interactive Software

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.