Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $107,610.00 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Jon Moses sold 500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.22, for a total transaction of $107,610.00. Following the sale, the director owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $239.28 on Friday. The company has a market capitalization of $44.43 billion, a price-to-earnings ratio of -147.70, a PEG ratio of 4.73 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $264.79. The stock has a 50 day moving average of $220.37 and a 200 day moving average of $222.96.

Key Headlines Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Rockstar confirmed GTA VI pre-orders start June 25, fueling expectations for strong demand and making the launch a key near-term catalyst for TTWO. Reuters article on GTA VI pre-orders
• Positive Sentiment: Jefferies said the preorder rollout could be the stock catalyst investors have been waiting for, with pricing and possible trailer details likely to shape expectations for bookings. Jefferies commentary on GTA VI pre-orders
• Positive Sentiment: Several reports noted TTWO shares rose on the preorder news, reflecting investor optimism around the franchise’s revenue potential. TTWO stock rises on GTA VI preorder news
• Neutral Sentiment: Raymond James said May franchise data remained in line with recent trends, suggesting the core business is stable while investors focus on GTA VI-related upside. Raymond James note on TTWO trends
• Negative Sentiment: Two insider sales were disclosed, including a larger sale by executive Daniel Emerson and a smaller sale by director Jon Moses. The transactions were pre-planned, but they may slightly weigh on sentiment. Insider sale by Daniel Emerson Insider sale by Jon Moses

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Friday, May 22nd. Wells Fargo & Company reduced their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $735,389,000. Vanguard Group Inc. raised its holdings in shares of Take-Two Interactive Software by 4.5% in the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares during the period. AQR Capital Management LLC increased its stake in Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after buying an additional 704,316 shares during the period. Amundi increased its holdings in Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after purchasing an additional 688,133 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after purchasing an additional 568,263 shares during the period. 95.46% of the stock is owned by institutional investors.

About Take-Two Interactive Software

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.