Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells 334 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the sale, the director owned 1,833 shares in the company, valued at approximately $462,887.49. This trade represents a 15.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Trading Up 1.3%

NASDAQ TTWO traded up $3.42 during trading on Monday, hitting $258.41. The company had a trading volume of 1,881,257 shares, compared to its average volume of 2,329,205. The company’s fifty day moving average is $227.54 and its 200-day moving average is $222.74. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $264.79. 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 $47.98 billion, a price-to-earnings ratio of -159.51, a price-to-earnings-growth ratio of 4.99 and a beta of 0.96.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. AQR Capital Management LLC raised its holdings in Take-Two Interactive Software by 162.1% in 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. Amundi lifted its position in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after acquiring an additional 688,133 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Take-Two Interactive Software by 44.6% in the 4th 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 in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Take-Two Interactive Software by 53.1% during the 4th quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock valued at $372,828,000 after purchasing an additional 505,000 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. BTIG Research restated a “buy” rating and issued a $293.00 target price on shares of Take-Two Interactive Software in a research note on Thursday. BMO Capital Markets lifted their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Finally, Wells Fargo & Company lowered 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 report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and a consensus target price of $292.88.

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.