Take-Two Interactive Software (NASDAQ:TTWO) Sees Strong Trading Volume – What’s Next?

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Free Report) shares saw strong trading volume on Thursday . 1,534,536 shares were traded during trading, a decline of 30% from the previous session’s volume of 2,187,313 shares.The stock last traded at $238.7460 and had previously closed at $228.03.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Wedbush restated 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. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday. Finally, Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $287.06.

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Take-Two Interactive Software Stock Performance

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 company has a 50 day moving average of $218.81 and a 200 day moving average of $222.89. The firm has a market cap of $44.79 billion, a price-to-earnings ratio of -148.82, a PEG ratio of 4.55 and a beta of 0.98.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,151 shares of the business’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 completion of the sale, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total value 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 approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 565,096 shares of company stock valued at $127,294,182. Insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Militia Capital Management LLC bought a new stake in Take-Two Interactive Software in the first quarter valued at about $1,191,000. Rathbones Group PLC grew its holdings in shares of Take-Two Interactive Software by 21.6% during the first quarter. Rathbones Group PLC now owns 17,349 shares of the company’s stock valued at $3,426,000 after purchasing an additional 3,087 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 4.1% during the first quarter. Parallel Advisors LLC now owns 21,851 shares of the company’s stock valued at $4,316,000 after purchasing an additional 853 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Take-Two Interactive Software by 10.4% during the first quarter. Glenmede Trust Co. NA now owns 4,728 shares of the company’s stock valued at $934,000 after purchasing an additional 447 shares during the last quarter. Finally, Summitry LLC bought a new position in shares of Take-Two Interactive Software during the first quarter valued at approximately $224,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Company Profile

(Get Free Report)

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.

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