Empirical Capital Management LLC Purchases 309,876 Shares of Take-Two Interactive Software, Inc. $TTWO

Empirical Capital Management LLC lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 380.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 391,376 shares of the company’s stock after buying an additional 309,876 shares during the quarter. Take-Two Interactive Software makes up 26.7% of Empirical Capital Management LLC’s investment portfolio, making the stock its largest position. Empirical Capital Management LLC’s holdings in Take-Two Interactive Software were worth $97,835,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. AQR Capital Management LLC grew its stake in Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after acquiring an additional 704,316 shares during the period. Amundi raised its holdings in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after acquiring an additional 688,133 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after purchasing an additional 568,263 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Take-Two Interactive Software by 53.1% during the fourth quarter. Bessemer Group Inc. now owns 1,456,186 shares of the company’s stock worth $372,828,000 after purchasing an additional 505,000 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

TTWO opened at $243.00 on Thursday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The company has a 50 day moving average of $237.98 and a two-hundred day moving average of $221.55. The company has a market cap of $45.44 billion, a P/E ratio of -140.46, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a quick ratio of 1.24, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) EPS. 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, analysts expect that Take-Two Interactive Software, Inc. will post 5.38 earnings per share for the current year.

Insider Buying and Selling

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the transaction, the insider directly owned 131,668 shares of the company’s stock, valued at $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, CEO Strauss Zelnick sold 208,969 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. 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. Over the last three months, insiders sold 609,936 shares of company stock valued at $138,537,038. 1.12% of the stock is owned by company insiders.

Take-Two Interactive Software News Roundup

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $310 price target, implying substantial upside from recent levels. DA Davidson reiterated its Buy rating, Wedbush assigned an Outperform rating, and Roth Capital raised its target to $300. The bullish view is centered on the potential commercial impact of GTA VI and Take-Two’s growing recurring-revenue base. JPMorgan coverage article DA Davidson rating article Wedbush rating article Roth Capital price target article
• Positive Sentiment: Institutional ownership remains strong, with BlackRock, Norges Bank, Bank of New York Mellon and Deutsche Bank recently establishing positions, while AQR Capital increased its stake. Such buying can reinforce confidence in Take-Two’s long-term outlook.
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data appears internally inconsistent, it offers little useful trading information.
• Negative Sentiment: CEO Strauss Zelnick sold 40,000 TTWO shares for approximately $10.1 million at an average price of $252.64. The sale may be routine, but it can weigh on sentiment, particularly after additional sizable sales reported in May and June. CEO insider sale article
• Negative Sentiment: Take-Two’s latest quarter included an adjusted EPS loss of $0.18, below the $0.33 consensus estimate, despite revenue of $1.53 billion exceeding expectations. Revenue also declined 2.1% year over year, leaving investors focused on execution and whether GTA VI expectations are already reflected in the stock’s elevated valuation.

Analyst Ratings Changes

Several equities analysts recently commented on TTWO shares. Zacks Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research note on Tuesday. They set an “overweight” rating and a $310.00 price objective for the company. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday. Two 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, Take-Two Interactive Software currently has a consensus rating of “Buy” and an average price target of $296.95.

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.