4,860 Shares of Take-Two Interactive Software, Inc. $TTWO Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,860 shares of the company’s stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTWO. Silicon Valley Capital Partners acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $25,000. Mosley Wealth Management increased its holdings in Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock valued at $30,000 after buying an additional 64 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the second quarter worth about $32,000. Finally, MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded up $0.91 during midday trading on Wednesday, hitting $201.23. 2,608,077 shares of the stock were exchanged, compared to its average volume of 2,343,824. 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 stock has a market cap of $37.63 billion, a P/E ratio of -116.32, a PEG ratio of 1.45 and a beta of 0.97. The company has a 50 day moving average price of $220.43 and a 200-day moving average price of $223.98. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company 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. On average, research analysts forecast that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTWO. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Take-Two Interactive Software in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. BTIG Research upped their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Roth Capital lifted their target price on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.89.

Insider Activity

In other news, insider Daniel P. Emerson sold 744 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the transaction, the insider directly owned 112,327 shares of the company’s stock, valued at $24,378,328.81. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $219.53, for a total value of $73,323.02. Following the completion of the sale, the director owned 1,499 shares in the company, valued at $329,075.47. This represents a 18.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,302 shares of company stock worth $12,863,216 in the last quarter. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a global video game publisher and developer headquartered in New York City. Founded in 1993, the company creates and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier’s Civilization and other sports, action, strategy and role-playing titles.