Take-Two Interactive Software, Inc. $TTWO Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 55,458 shares of the company’s stock after selling 2,369 shares during the period. Handelsbanken Fonder AB’s holdings in Take-Two Interactive Software were worth $13,863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTWO. MCF Advisors LLC acquired a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software in the fourth quarter valued at $28,000. MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $34,000. Finally, Reflection Asset Management purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth $40,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This trade 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. In the last ninety days, insiders sold 609,936 shares of company stock worth $138,537,038. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.4%

Shares of NASDAQ:TTWO opened at $241.91 on Friday. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of -139.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97. The firm’s 50 day moving average price is $238.48 and its 200 day moving average price is $221.53. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. 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 posted its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share 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) EPS. Take-Two Interactive Software’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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 predict that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TTWO. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research report on Tuesday. They set an “overweight” rating and a $310.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Oppenheimer lifted their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company boosted their target price on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research report 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. Based on data from MarketBeat, the company has a consensus 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.