Strauss Zelnick Sells 7,946 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 7,946 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $214.16, for a total value of $1,701,715.36. Following the transaction, the chief executive officer directly owned 170,756 shares of the company’s stock, valued at $36,569,104.96. This represents a 4.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 2nd, Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $214.40, for a total transaction of $11,160,377.60.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $1.28 during trading hours on Wednesday, hitting $215.77. 2,470,403 shares of the company’s stock traded hands, compared to its average volume of 2,436,636. The company’s fifty day simple moving average is $228.24 and its two-hundred day simple moving average is $240.02. The company has a market cap of $39.96 billion, a price-to-earnings ratio of -9.64, a price-to-earnings-growth ratio of 8.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software, Inc. has a 52 week low of $188.56 and a 52 week high of $264.79.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTWO shares. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. UBS Group raised their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company dropped their target price on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $284.44.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of large investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Take-Two Interactive Software during the second quarter worth approximately $731,047,000. Vanguard Group Inc. raised its holdings in Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after acquiring an additional 932,659 shares during the period. AQR Capital Management LLC lifted its position in 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 worth $291,551,000 after acquiring an additional 704,316 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after acquiring an additional 568,263 shares during the period. Finally, Invesco Ltd. grew its position in shares of Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after purchasing an additional 515,484 shares during 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.