Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $85,763.58 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 413 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total transaction of $85,763.58. Following the transaction, the director directly owned 2,000 shares in the company, valued at approximately $415,320. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Price Performance

TTWO traded down $0.22 during midday trading on Thursday, hitting $213.93. 1,382,982 shares of the company traded hands, compared to its average volume of 2,173,204. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $39.62 billion, a price-to-earnings ratio of -9.56, a PEG ratio of 3.06 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $264.79. The business has a 50 day simple moving average of $202.55 and a two-hundred day simple moving average of $231.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTWO. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $26,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth $28,000. Pinnacle Bancorp Inc. purchased a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $29,000. Finally, MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTWO. Morgan Stanley increased their price objective on shares of Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. UBS Group raised their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. One equities 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 company. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $284.31.

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.