Karl Slatoff Sells 90,851 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) President Karl Slatoff sold 90,851 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares of the company's stock, valued at $12,965,462.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Take-Two Interactive Software Trading Down 1.6 %

NASDAQ TTWO traded down $2.29 during trading hours on Wednesday, hitting $143.16. 1,531,534 shares of the company's stock were exchanged, compared to its average volume of 1,667,557. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of -16.76, a PEG ratio of 1.24 and a beta of 0.74. The stock has a 50-day simple moving average of $149.97 and a 200 day simple moving average of $152.21. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. Take-Two Interactive Software, Inc. has a 1-year low of $119.57 and a 1-year high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Take-Two Interactive Software by 1.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company's stock valued at $907,000 after buying an additional 68 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Take-Two Interactive Software by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 1,712 shares of the company's stock valued at $276,000 after purchasing an additional 69 shares in the last quarter. Drive Wealth Management LLC grew its position in Take-Two Interactive Software by 4.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company's stock worth $258,000 after buying an additional 69 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Take-Two Interactive Software by 3.7% in the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company's stock worth $279,000 after purchasing an additional 70 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Take-Two Interactive Software by 14.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company's stock worth $87,000 after buying an additional 70 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on TTWO. Roth Mkm lifted their target price on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, February 9th. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $165.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, January 19th. Stifel Nicolaus reiterated a "buy" rating and issued a $175.00 price target on shares of Take-Two Interactive Software in a report on Monday, April 1st. Wedbush restated an "outperform" rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average price target of $176.39.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.