Take-Two Interactive Software (NASDAQ:TTWO) Director Michael Dornemann Sells 1,151 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the sale, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Take-Two Interactive Software Stock Down 0.9%

TTWO stock opened at $212.55 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The company has a 50-day moving average of $215.89 and a two-hundred day moving average of $224.01. The stock has a market capitalization of $39.46 billion, a price-to-earnings ratio of -131.20, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of recent analyst reports. Raymond James Financial upgraded shares of 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 report on Tuesday, February 10th. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average price target of $287.06.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Take-Two Interactive Software by 4.1% during the first quarter. Parallel Advisors LLC now owns 21,851 shares of the company’s stock valued at $4,316,000 after buying an additional 853 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Take-Two Interactive Software by 10.4% during the first quarter. Glenmede Trust Co. NA now owns 4,728 shares of the company’s stock valued at $934,000 after buying an additional 447 shares during the last quarter. Summitry LLC acquired a new position in shares of Take-Two Interactive Software during the first quarter valued at about $224,000. Essential Partners LLC raised its position in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. Finally, Groupe la Francaise raised its position in shares of Take-Two Interactive Software by 21.8% during the first quarter. Groupe la Francaise now owns 8,983 shares of the company’s stock valued at $1,713,000 after buying an additional 1,609 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

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.