Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Strauss Zelnick Sells 216,661 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) CEO Strauss Zelnick sold 216,661 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the transaction, the chief executive officer now directly owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Take-Two Interactive Software Trading Up 0.7%

Take-Two Interactive Software stock traded up $1.69 during trading hours on Friday, reaching $232.72. 1,497,036 shares of the company's stock were exchanged, compared to its average volume of 1,752,300. The firm has a market capitalization of $41.29 billion, a PE ratio of -10.91, a PEG ratio of 6.83 and a beta of 1.03. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $240.78. The firm's 50 day simple moving average is $220.59 and its 200 day simple moving average is $204.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54.

Analysts Set New Price Targets

TTWO has been the topic of a number of research reports. Wedbush reiterated an "outperform" rating and issued a $269.00 price target (up previously from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. The Goldman Sachs Group increased their price objective on shares of Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Benchmark lifted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 16th. UBS Group increased their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $228.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Davis R M Inc. raised its stake in shares of Take-Two Interactive Software by 4.9% in the fourth quarter. Davis R M Inc. now owns 229,426 shares of the company's stock worth $42,233,000 after purchasing an additional 10,701 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $1,442,000. Mackenzie Financial Corp lifted its holdings in Take-Two Interactive Software by 13.2% during the fourth quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock valued at $2,890,000 after purchasing an additional 1,833 shares during the last quarter. Summit Place Financial Advisors LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth approximately $748,000. Finally, Fisher Asset Management LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth approximately $259,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.