Legal & General Group Plc Makes New $277.22 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Legal & General Group Plc purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,108,964 shares of the company’s stock, valued at approximately $277,219,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth approximately $4,560,679,000. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares in the last quarter. Invesco Ltd. lifted its holdings in Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after buying an additional 16,758 shares during the period. Finally, Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth $735,389,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Take-Two Interactive Software

In other news, Director Michael Sheresky sold 127 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $31,116.27. Following the completion of the transaction, the director owned 65,368 shares of the company’s stock, valued at $16,015,813.68. The trade was a 0.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the sale, the director owned 1,666 shares in the company, valued at $403,738.44. The trade was a 16.70% 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. Insiders sold 540,759 shares of company stock worth $123,183,789 in the last three months. Company insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTWO. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, August 10th. UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Roth Capital boosted their target price on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock 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 research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $296.95.

Take-Two Interactive Software Stock Up 0.2%

TTWO stock opened at $233.45 on Thursday. The company has a market capitalization of $43.65 billion, a P/E ratio of -134.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The firm’s fifty day simple moving average is $242.48 and its 200-day simple moving average is $222.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the business earned ($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. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Take-Two Interactive Software 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.