Ellen Siminoff Sells 334 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 334 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the sale, the director directly owned 1,833 shares of the company’s stock, valued at $462,887.49. This represents a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $257.79 on Wednesday. The company has a market capitalization of $47.86 billion, a P/E ratio of -159.13, a P/E/G ratio of 4.96 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The firm’s 50 day simple moving average is $229.45 and its two-hundred day simple moving average is $222.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.24 and a quick ratio of 1.24.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTWO. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wells Fargo & Company increased their target price on Take-Two Interactive Software from $287.00 to $289.00 and gave the stock an “overweight” rating in a research report on Tuesday. BTIG Research reissued a “buy” rating and set a $293.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. Finally, Bank of America boosted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $293.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Trust Asset Management LLC lifted its position in shares of Take-Two Interactive Software by 3.5% in the second quarter. Trust Asset Management LLC now owns 1,881 shares of the company’s stock worth $470,000 after buying an additional 63 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Take-Two Interactive Software by 19.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,834 shares of the company’s stock valued at $708,000 after buying an additional 470 shares in the last quarter. GAMMA Investing LLC increased its stake in Take-Two Interactive Software by 30.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,526 shares of the company’s stock worth $1,631,000 after acquiring an additional 1,512 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 78.7% during the 2nd quarter. CoreCap Advisors LLC now owns 965 shares of the company’s stock worth $241,000 after acquiring an additional 425 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of Take-Two Interactive Software by 7.8% during the 2nd quarter. CX Institutional now owns 1,557 shares of the company’s stock worth $389,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

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.