Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells 1,390 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 1,390 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, the director owned 21,525 shares in the company, valued at $4,586,762.25. The trade was a 6.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Take-Two Interactive Software Trading Down 0.5%

TTWO stock traded down $1.03 during midday trading on Friday, reaching $211.50. 1,585,869 shares of the company’s stock traded hands, compared to its average volume of 2,409,617. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. Take-Two Interactive Software, Inc. has a fifty-two week low of $188.56 and a fifty-two week high of $264.79. The business has a 50-day moving average price of $226.74 and a two-hundred day moving average price of $239.66. The company has a market capitalization of $39.17 billion, a P/E ratio of -9.45, a PEG ratio of 8.84 and a beta of 0.94.

Wall Street Analyst Weigh In

TTWO has been the topic of several research reports. B. Riley Financial assumed coverage on Take-Two Interactive Software in a research report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective on the stock. Wells Fargo & Company lowered their target price on Take-Two Interactive Software from $301.00 to $295.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $284.44.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently bought and sold shares of the business. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Take-Two Interactive Software in the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Take-Two Interactive Software during the 2nd quarter valued at $27,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth $28,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Take-Two Interactive Software in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.