NewEdge Wealth LLC Buys New Stake in Take-Two Interactive Software, Inc. $TTWO

NewEdge Wealth LLC purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,221 shares of the company’s stock, valued at approximately $805,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $1,536,000. Danske Bank A S acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $273,000. Gables Capital Management Inc. bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $3,117,000. Wealthfront Advisers LLC bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $5,533,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at $37,090,000. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director directly owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 610,759 shares of company stock valued at $138,737,789. 1.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTWO. Oppenheimer upped their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Raymond James Financial set a $300.00 price objective on Take-Two Interactive Software in a report on Thursday, August 6th. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, BTIG Research increased their target price on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Two research 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. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Buy” and a consensus price target of $296.95.

Take-Two Interactive Software Stock Down 0.2%

Shares of TTWO opened at $239.62 on Friday. The company has a market capitalization of $44.80 billion, a P/E ratio of -138.51, a PEG ratio of 1.59 and a beta of 0.97. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The business’s 50 day simple moving average is $241.97 and its 200-day simple moving average is $221.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. 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. As a group, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Take-Two Interactive Software Company 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.