Insider Selling: Take-Two Interactive Software, Inc. (TTWO) Director Sells 5,500 Shares of Stock
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 5,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $118.50, for a total value of $651,750.00. Following the transaction, the director now directly owns 4,777 shares of the company’s stock, valued at approximately $566,074.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) traded up $0.62 during trading hours on Wednesday, reaching $118.88. The company had a trading volume of 2,160,800 shares, compared to its average volume of 1,886,897. The stock has a market capitalization of $13,350.00, a price-to-earnings ratio of 46.19, a PEG ratio of 3.43 and a beta of 0.82. Take-Two Interactive Software, Inc. has a 52-week low of $46.05 and a 52-week high of $120.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.33.
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A number of equities analysts have commented on TTWO shares. Benchmark Co. reissued a “buy” rating and set a $110.00 target price (up previously from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. MKM Partners increased their target price on Take-Two Interactive Software from $97.00 to $122.00 and gave the company a “buy” rating in a report on Monday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, September 12th. Barclays PLC initiated coverage on Take-Two Interactive Software in a report on Wednesday, October 4th. They issued an “overweight” rating and a $115.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price target on shares of Take-Two Interactive Software in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $110.65.
A number of large investors have recently added to or reduced their stakes in TTWO. Jackson Square Partners LLC boosted its holdings in Take-Two Interactive Software by 137.9% in the third quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after purchasing an additional 2,026,010 shares during the period. Renaissance Technologies LLC boosted its holdings in Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after purchasing an additional 1,781,500 shares during the period. Harbour Capital Advisors LLC boosted its holdings in Take-Two Interactive Software by 7,304.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,637,475 shares of the company’s stock valued at $22,315,000 after purchasing an additional 1,615,360 shares during the period. Macquarie Group Ltd. boosted its holdings in Take-Two Interactive Software by 110.3% in the third quarter. Macquarie Group Ltd. now owns 1,710,990 shares of the company’s stock valued at $174,914,000 after purchasing an additional 897,380 shares during the period. Finally, Newbrook Capital Advisors LP purchased a new position in Take-Two Interactive Software in the second quarter valued at $40,890,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.
About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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