20,967 Take-Two Interactive Software, Inc. $TTWO Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 176.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,828 shares of the company’s stock after purchasing an additional 20,967 shares during the period. CenterBook Partners LP’s holdings in Take-Two Interactive Software were worth $6,812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $4,560,679,000. Bank of America Corp DE purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth $599,405,000. Amundi boosted its holdings in shares of Take-Two Interactive Software by 38.1% in the first quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after acquiring an additional 688,133 shares during the period. Royal Bank of Canada boosted its holdings in shares of Take-Two Interactive Software by 12.2% in the first quarter. Royal Bank of Canada now owns 1,524,234 shares of the company’s stock worth $301,036,000 after acquiring an additional 166,145 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Take-Two Interactive Software by 1.4% in the first quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company’s stock valued at $291,489,000 after purchasing an additional 19,702 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the sale, the director owned 8,357 shares of the company’s stock, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 53,636 shares of company stock valued at $12,930,991 in the last ninety days. Insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded up $1.51 on Friday, reaching $214.87. The company’s stock had a trading volume of 3,203,938 shares, compared to its average volume of 2,398,526. The company has a market capitalization of $40.18 billion, a P/E ratio of -124.20, a PEG ratio of 1.43 and a beta of 0.93. Take-Two Interactive Software, Inc. has a 12-month low of $183.86 and a 12-month high of $265.94. The stock’s 50 day simple moving average is $207.53 and its 200-day simple moving average is $219.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its 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 positive return on equity of 12.25% and a negative net margin of 4.79%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts predict that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of Take-Two Interactive Software in a report on Monday. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Monday, October 12th. Oppenheimer reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 8th. Raymond James Financial reissued a “strong-buy” rating on shares of Take-Two Interactive Software in a report on Wednesday, October 14th. Finally, Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.76.

About Take-Two Interactive Software

Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga.

The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.

Founded in 1993 and headquartered in New York City, Take-Two acquired mobile-game publisher Zynga in 2022.