Insider Selling: Take-Two Interactive Software, Inc. (NASDAQ:TTWO) CEO Sells 216,661 Shares of Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) CEO Strauss Zelnick sold 216,661 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction 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 represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Take-Two Interactive Software Trading Up 0.8%

Shares of TTWO stock traded up $1.85 during trading hours on Thursday, hitting $231.03. 2,340,147 shares of the company's stock traded hands, compared to its average volume of 1,751,604. The stock has a market cap of $40.99 billion, a PE ratio of -10.83, a price-to-earnings-growth ratio of 6.83 and a beta of 1.08. The stock's 50 day simple moving average is $219.67 and its 200 day simple moving average is $203.37. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. Take-Two Interactive Software, Inc. has a 12 month low of $135.24 and a 12 month high of $240.78.

Institutional Investors Weigh In On Take-Two Interactive Software

Large investors have recently modified their holdings of the company. Moody Lynn & Lieberson LLC increased its stake in shares of Take-Two Interactive Software by 0.9% during the 1st quarter. Moody Lynn & Lieberson LLC now owns 5,066 shares of the company's stock worth $1,050,000 after purchasing an additional 45 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Take-Two Interactive Software by 8.1% during the 1st quarter. Brooklyn Investment Group now owns 669 shares of the company's stock worth $139,000 after acquiring an additional 50 shares during the period. Adero Partners LLC increased its stake in shares of Take-Two Interactive Software by 2.9% in the first quarter. Adero Partners LLC now owns 1,784 shares of the company's stock worth $370,000 after purchasing an additional 51 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Take-Two Interactive Software by 24.2% in the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company's stock valued at $51,000 after buying an additional 54 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Take-Two Interactive Software by 46.0% in the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on TTWO shares. The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. DA Davidson increased their price objective on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Ascendiant Capital Markets boosted their target price on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and a consensus target price of $228.10.

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.