Jon Moses Sells 500 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Jon Moses sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Take-Two Interactive Software Trading Up 1.3%

Shares of TTWO stock traded up $3.07 during mid-day trading on Tuesday, reaching $242.64. The company’s stock had a trading volume of 3,048,995 shares, compared to its average volume of 2,261,692. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $45.05 billion, a PE ratio of -149.78, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98. The company’s 50 day simple moving average is $221.20 and its 200-day simple moving average is $222.72. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $264.79.

Institutional Investors Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently bought and sold shares of the business. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new position in Take-Two Interactive Software during the 4th quarter worth $28,000. MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at about $34,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at about $34,000. Finally, True Wealth Design LLC lifted its position in shares of Take-Two Interactive Software by 91.9% during the fourth quarter. True Wealth Design LLC now owns 142 shares of the company’s stock worth $36,000 after purchasing an additional 68 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TTWO shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company lowered their price objective on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

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.