Karl Slatoff Sells 90,851 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total value of $13,495,007.54. Following the sale, the president now directly owns 87,286 shares of the company’s stock, valued at $12,965,462.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $140.64 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $148.86 and a two-hundred day moving average of $152.07. The company has a market capitalization of $23.99 billion, a price-to-earnings ratio of -16.39, a PEG ratio of 1.24 and a beta of 0.74. Take-Two Interactive Software, Inc. has a fifty-two week low of $119.57 and a fifty-two week high of $171.59.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. On average, analysts anticipate that Take-Two Interactive Software, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TTWO. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, April 1st. Jefferies Financial Group assumed coverage on Take-Two Interactive Software in a report on Monday, April 1st. They issued a “buy” rating and a $195.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Citigroup raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and raised their price target for the company from $170.00 to $200.00 in a report on Monday, April 8th. Finally, BMO Capital Markets assumed coverage on Take-Two Interactive Software in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.39.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds have recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of Take-Two Interactive Software by 1.2% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,635 shares of the company’s stock valued at $907,000 after purchasing an additional 68 shares during the period. Tectonic Advisors LLC grew its position in shares of Take-Two Interactive Software by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 1,712 shares of the company’s stock valued at $276,000 after purchasing an additional 69 shares during the period. Drive Wealth Management LLC grew its position in shares of Take-Two Interactive Software by 4.5% in the fourth quarter. Drive Wealth Management LLC now owns 1,606 shares of the company’s stock valued at $258,000 after purchasing an additional 69 shares during the period. Belpointe Asset Management LLC grew its position in shares of Take-Two Interactive Software by 3.7% in the third quarter. Belpointe Asset Management LLC now owns 1,986 shares of the company’s stock valued at $279,000 after purchasing an additional 70 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Take-Two Interactive Software by 14.8% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 543 shares of the company’s stock valued at $87,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.