Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff Sells 216,661 Shares

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) President Karl Slatoff sold 216,661 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the transaction, the president now directly owns 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded up $0.02 during trading hours on Friday, hitting $231.05. 583,056 shares of the company's stock were exchanged, compared to its average volume of 1,747,865. Take-Two Interactive Software, Inc. has a 1-year low of $135.24 and a 1-year high of $240.78. The stock has a market capitalization of $40.99 billion, a price-to-earnings ratio of -10.83, a PEG ratio of 6.83 and a beta of 1.03. The company's 50-day moving average price is $220.14 and its 200-day moving average price is $203.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.83 and a quick ratio of 0.83.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TTWO shares. DA Davidson raised their target price on Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Ascendiant Capital Markets raised their price objective on shares of Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Robert W. Baird raised their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Morgan Stanley lifted their price target on Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. boosted their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average target price of $228.10.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its holdings in Take-Two Interactive Software by 58.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 30,255 shares of the company's stock valued at $5,569,000 after purchasing an additional 11,110 shares during the period. OLD National Bancorp IN acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $214,000. Caprock Group LLC increased its stake in shares of Take-Two Interactive Software by 17.5% during the fourth quarter. Caprock Group LLC now owns 3,201 shares of the company's stock worth $589,000 after purchasing an additional 477 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Take-Two Interactive Software by 28.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 2,858 shares of the company's stock worth $526,000 after buying an additional 635 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Take-Two Interactive Software by 18.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,084 shares of the company's stock worth $1,120,000 after acquiring an additional 952 shares during the period. Institutional investors and hedge funds own 95.46% of the company's stock.

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.