Traders Sell Shares of Take-Two Interactive Software (TTWO) on Strength (TTWO)

Investors sold shares of Take-Two Interactive Software Inc (NASDAQ:TTWO) on strength during trading on Friday. $54.77 million flowed into the stock on the tick-up and $292.11 million flowed out of the stock on the tick-down, for a money net flow of $237.34 million out of the stock. Of all stocks tracked, Take-Two Interactive Software had the 5th highest net out-flow for the day. Take-Two Interactive Software traded up $2.17 for the day and closed at $111.19

Several analysts recently commented on TTWO shares. Piper Jaffray Companies restated a “buy” rating and set a $125.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, November 8th. Credit Suisse Group restated a “hold” rating and set a $116.00 price target on shares of Take-Two Interactive Software in a report on Thursday, December 7th. Buckingham Research raised their price target on shares of Take-Two Interactive Software from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Cowen cut shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating and set a $83.00 price target for the company. in a report on Monday, October 9th. Finally, Benchmark restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Take-Two Interactive Software in a report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $112.90.

The firm has a market cap of $12,288.08, a PE ratio of 42.09, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.

In other news, CFO Lainie Goldstein sold 30,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $115.54, for a total value of $3,466,200.00. Following the transaction, the chief financial officer now owns 351,019 shares of the company’s stock, valued at $40,556,735.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 31,004 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total transaction of $3,611,655.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,504 shares of company stock worth $7,729,606. Insiders own 1.55% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TTWO. Jackson Square Partners LLC raised its position in shares of Take-Two Interactive Software by 137.9% in the third quarter. Jackson Square Partners LLC now owns 3,495,068 shares of the company’s stock valued at $357,300,000 after purchasing an additional 2,026,010 shares during the period. Renaissance Technologies LLC raised its position in shares of Take-Two Interactive Software by 1,045.2% in the second quarter. Renaissance Technologies LLC now owns 1,951,950 shares of the company’s stock valued at $143,234,000 after purchasing an additional 1,781,500 shares during the period. Macquarie Group Ltd. raised its position in shares of Take-Two Interactive Software by 110.3% in the third quarter. Macquarie Group Ltd. now owns 1,710,990 shares of the company’s stock valued at $174,914,000 after purchasing an additional 897,380 shares during the period. Newbrook Capital Advisors LP bought a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $40,890,000. Finally, Alyeska Investment Group L.P. raised its position in shares of Take-Two Interactive Software by 96.9% in the third quarter. Alyeska Investment Group L.P. now owns 1,065,472 shares of the company’s stock valued at $108,923,000 after purchasing an additional 524,325 shares during the period. 91.26% of the stock is currently owned by institutional investors.

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Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

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