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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 Trading Down 3.0%

Shares of TTWO stock opened at $215.80 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $40.07 billion, a PE ratio of -133.21, a price-to-earnings-growth ratio of 3.40 and a beta of 0.98. The company has a 50-day moving average of $214.60 and a two-hundred day moving average of $224.46. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $264.79.

Analysts Set New Price Targets

Several research analysts have weighed in on TTWO shares. Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their target price on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Finally, Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a research note on Tuesday, February 10th. One 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. LBP AM SA raised its holdings in Take-Two Interactive Software by 298.2% in the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after acquiring an additional 48,384 shares in the last quarter. AGF Management Ltd. raised its holdings in Take-Two Interactive Software by 33.1% in the third 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 in the last quarter. Compass Wealth Management LLC acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $3,419,000. M&G PLC acquired a new stake in Take-Two Interactive Software in the third quarter valued at approximately $12,465,000. Finally, Swedbank AB raised its holdings in Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after acquiring an additional 9,556 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.