Laverne Evans Srinivasan Sells 373 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Laverne Evans Srinivasan sold 373 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $229.35, for a total value of $85,547.55. Following the completion of the transaction, the director owned 8,719 shares of the company’s stock, valued at approximately $1,999,702.65. This trade represents a 4.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Take-Two Interactive Software Price Performance

TTWO opened at $215.80 on Thursday. The stock has a fifty day simple moving average of $214.60 and a two-hundred day simple moving average of $224.46. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap 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. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company cut their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Piper Sandler assumed coverage on shares of Take-Two Interactive Software in a research report on Tuesday. They set an “overweight” rating and a $280.00 price objective on the stock. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $287.06.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors have recently made changes to their positions in the business. LBP AM SA raised its stake in shares of Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after buying an additional 48,384 shares during the period. AGF Management Ltd. grew its stake in shares of Take-Two Interactive Software by 33.1% during the 3rd quarter. AGF Management Ltd. now owns 72,828 shares of the company’s stock valued at $18,816,000 after acquiring an additional 18,119 shares during the period. Compass Wealth Management LLC bought a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $3,419,000. M&G PLC purchased a new stake in Take-Two Interactive Software in the 3rd quarter worth $12,465,000. Finally, Swedbank AB raised its stake in Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after purchasing an additional 9,556 shares during the period. Institutional investors 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.