Michael Dornemann Sells 1,151 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Take-Two Interactive Software Stock Down 0.2%

Shares of NASDAQ TTWO opened at $212.05 on Wednesday. The stock has a market cap of $39.37 billion, a P/E ratio of -130.89, a PEG ratio of 3.25 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 business’s fifty day simple moving average is $216.34 and its 200-day simple moving average is $223.81.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently made changes to their positions in TTWO. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter worth about $735,389,000. Vanguard Group Inc. grew its holdings in shares of Take-Two Interactive Software by 4.5% during the third quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after purchasing an additional 932,659 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after purchasing an additional 704,316 shares during the last quarter. Amundi grew its holdings in shares of Take-Two Interactive Software by 38.1% during the first 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 last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Take-Two Interactive Software by 44.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after buying an additional 568,263 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of analyst reports. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research note on Tuesday, February 10th. Piper Sandler restated a “neutral” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wells Fargo & Company cut their price target on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.06.

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.