Strauss Zelnick Sells 70,000 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick sold 70,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $222.20, for a total transaction of $15,554,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Strauss Zelnick also recently made the following trade(s):

• On Tuesday, March 3rd, Strauss Zelnick sold 7,946 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $214.16, for a total transaction of $1,701,715.36.
• On Monday, March 2nd, Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $214.40, for a total transaction of $11,160,377.60.

Take-Two Interactive Software Trading Up 2.9%

NASDAQ TTWO opened at $224.16 on Friday. The stock has a market capitalization of $41.62 billion, a P/E ratio of -138.37, a PEG ratio of 3.33 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.14. The firm’s 50-day moving average is $213.37 and its two-hundred day moving average is $224.90.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. DA Davidson reissued a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $287.53.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Take-Two Interactive Software in the third quarter valued at approximately $26,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $28,000. Essential Partners LLC increased its stake in Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

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.