Elevation Point Wealth Partners LLC Makes New $1.29 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Elevation Point Wealth Partners LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,171 shares of the company’s stock, valued at approximately $1,293,000.

Other hedge funds have also recently made changes to their positions in the company. Mayflower Financial Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after purchasing an additional 48 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its holdings in Take-Two Interactive Software by 5.7% in the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock valued at $190,000 after buying an additional 52 shares during the last quarter. Huntington National Bank boosted its position in Take-Two Interactive Software by 4.5% during the 4th quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after buying an additional 57 shares during the period. UMB Bank n.a. increased its position in Take-Two Interactive Software by 12.4% in the 4th quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $137,000 after acquiring an additional 59 shares during the period. Finally, Ballentine Partners LLC increased its position in Take-Two Interactive Software by 6.0% in the 4th quarter. Ballentine Partners LLC now owns 1,063 shares of the company’s stock valued at $272,000 after acquiring an additional 60 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $239.62 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm’s fifty day simple moving average is $241.97 and its two-hundred day simple moving average is $221.75. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The stock has a market capitalization of $44.80 billion, a P/E ratio of -138.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last announced 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). 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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, analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Wall Street Analysts Forecast Growth

TTWO has been the topic of a number of recent research reports. Roth Capital lifted their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. BTIG Research lifted their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and an average price target of $296.95.

Insiders Place Their Bets

In related news, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 610,759 shares of company stock valued at $138,737,789 in the last ninety days. 1.12% of the stock is owned by corporate insiders.

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.