Karl Slatoff Sells 208,969 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Karl Slatoff also recently made the following trade(s):

• On Wednesday, June 3rd, Karl Slatoff sold 40,358 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22.

Take-Two Interactive Software Stock Up 0.4%

Shares of NASDAQ TTWO opened at $216.65 on Friday. The stock has a market cap of $40.23 billion, a PE ratio of -133.73, a PEG ratio of 3.30 and a beta of 0.98. The business has a fifty day moving average of $215.11 and a two-hundred day moving average of $224.33. 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 debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after buying an additional 166,661 shares during the last quarter. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after buying an additional 390,331 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after buying an additional 60,893 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after buying an additional 16,758 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Take-Two Interactive Software in the fourth quarter valued at about $735,389,000. 95.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective for the company in a report on Tuesday, February 10th. Wedbush reissued an “outperform” rating and set 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 report on Friday, May 22nd. Finally, Piper Sandler assumed coverage on Take-Two Interactive Software in a report on Tuesday. They set an “overweight” rating and a $280.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $287.06.

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.