Ieq Capital LLC Acquires New Holdings in Take-Two Interactive Software, Inc. $TTWO

Ieq Capital LLC bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,116 shares of the company’s stock, valued at approximately $16,528,000.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software during the 4th quarter valued at $25,000. Mosley Wealth Management boosted its holdings in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Take-Two Interactive Software in the second quarter worth $32,000. Essential Partners LLC boosted its holdings in Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Oppenheimer increased their price objective on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Bank of America boosted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, BTIG Research upped their target price on 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 issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $296.95.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $239.62 on Friday. The company has a market cap of $44.80 billion, a price-to-earnings ratio of -138.51, a PEG ratio of 1.59 and a beta of 0.97. The business has a 50 day moving average price of $241.97 and a 200 day moving average price of $221.75. 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, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last issued 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 positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue 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. Research analysts predict that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 127 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $31,116.27. Following the completion of the transaction, the director directly owned 65,368 shares in the company, valued at $16,015,813.68. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $242.34, for a total transaction of $80,941.56. Following the completion of the sale, the director directly owned 1,666 shares of the company’s stock, valued at approximately $403,738.44. This trade represents a 16.70% 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 a total of 610,759 shares of company stock valued at $138,737,789 in the last 90 days. 1.12% of the stock is currently 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.