D.A. Davidson & CO. Buys 2,754 Shares of Take-Two Interactive Software, Inc. $TTWO

D.A. Davidson & CO. lifted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 23.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,334 shares of the company’s stock after purchasing an additional 2,754 shares during the quarter. D.A. Davidson & CO.’s holdings in Take-Two Interactive Software were worth $3,583,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Benjamin Edwards Inc. raised its stake in Take-Two Interactive Software by 5.4% in the second quarter. Benjamin Edwards Inc. now owns 8,402 shares of the company’s stock valued at $2,100,000 after purchasing an additional 430 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Take-Two Interactive Software by 30.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,976 shares of the company’s stock worth $494,000 after buying an additional 461 shares in the last quarter. SeaTown Holdings Pte. Ltd. grew its stake in Take-Two Interactive Software by 61.6% during the second quarter. SeaTown Holdings Pte. Ltd. now owns 63,600 shares of the company’s stock worth $15,899,000 after buying an additional 24,250 shares in the last quarter. Signaturefd LLC increased its holdings in Take-Two Interactive Software by 7.5% in the 2nd quarter. Signaturefd LLC now owns 3,782 shares of the company’s stock valued at $946,000 after buying an additional 263 shares during the period. Finally, Capstone Wealth Management LLC bought a new position in Take-Two Interactive Software in the 2nd quarter valued at about $414,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.4%

TTWO opened at $241.91 on Friday. The company has a market cap of $45.23 billion, a P/E ratio of -139.83, a PEG ratio of 1.68 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $238.48 and its 200-day moving average is $221.53. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. Equities research analysts predict that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday. Wells Fargo & Company lifted their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $296.95.

Insider Activity

In other news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 609,936 shares of company stock valued at $138,537,038. 1.12% of the stock is currently owned by insiders.

Take-Two Interactive Software Profile

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.