Take-Two Interactive Software (NASDAQ:TTWO) President Karl Slatoff Sells 40,358 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the sale, the president owned 40,358 shares in the company, valued at $8,720,960.22. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, June 1st, Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46.

Take-Two Interactive Software Stock Down 3.0%

TTWO opened at $215.80 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. 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 market capitalization of $40.07 billion, a PE ratio of -133.21, a PEG ratio of 3.40 and a beta of 0.98. The firm’s 50 day simple moving average is $214.60 and its two-hundred day simple moving average is $224.46.

Analysts Set New Price Targets

Several research firms have weighed in on TTWO. Piper Sandler began coverage on shares of Take-Two Interactive Software in a research report on Tuesday. They issued an “overweight” rating and a $280.00 price target on the stock. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Raymond James Financial upgraded shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price objective on the stock in a research report on Tuesday, February 10th. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $287.06.

Institutional Trading of Take-Two Interactive Software

Several hedge funds have recently bought and sold shares of TTWO. Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter worth $735,389,000. Vanguard Group Inc. grew its position in Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after acquiring an additional 932,659 shares in the last quarter. AQR Capital Management LLC grew its position in Take-Two Interactive Software by 162.1% in the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares in the last quarter. Amundi grew its position in Take-Two Interactive Software by 38.1% in the first quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after acquiring an additional 688,133 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Take-Two Interactive Software by 44.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after acquiring an additional 568,263 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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.