Perigon Wealth Management LLC Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Perigon Wealth Management LLC purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,123 shares of the company’s stock, valued at approximately $781,000.

A number of other large investors have also recently made changes to their positions in TTWO. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. Bank of New York Mellon Corp purchased a new stake in Take-Two Interactive Software in the second quarter worth approximately $234,774,000. AQR Capital Management LLC grew its position 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 purchasing an additional 704,316 shares during the period. Amundi grew its position in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after purchasing an additional 688,133 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in 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 valued at $471,845,000 after buying an additional 568,263 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Up 0.3%

Shares of TTWO stock opened at $242.40 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $45.32 billion, a price-to-earnings ratio of -140.11, a PEG ratio of 1.70 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The firm has a fifty day moving average price of $240.32 and a 200-day moving average price of $221.50.

Take-Two Interactive Software (NASDAQ:TTWO) last announced 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 company had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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%.Take-Two Interactive Software’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. 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 analysts predict that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 21,102 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the sale, the insider directly owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 610,759 shares of company stock valued at $138,737,789. Insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research note on Thursday, August 6th. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, Wells Fargo & Company boosted their price target on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Buy” and an average target price of $296.95.

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.