Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $249,790.02 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Take-Two Interactive Software Trading Down 0.7%

NASDAQ:TTWO opened at $210.46 on Thursday. The stock has a 50-day simple moving average of $216.69 and a 200-day simple moving average of $223.63. The stock has a market cap of $39.08 billion, a P/E ratio of -129.91, a P/E/G ratio of 4.10 and a beta of 0.98. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year 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.

Analysts Set New Price Targets

Several analysts have recently weighed in on TTWO shares. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reissued a “neutral” rating on shares of Take-Two Interactive Software in a report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.06.

Institutional Trading of Take-Two Interactive Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $735,389,000. Vanguard Group Inc. raised its stake in shares of Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after buying an additional 704,316 shares in the last quarter. Amundi raised its stake in shares of Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after buying an additional 688,133 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after buying an additional 568,263 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

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.