Exchange Traded Concepts LLC Trims Stock Position in Take-Two Interactive Software, Inc. $TTWO

Exchange Traded Concepts LLC trimmed its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 7.2% in the second quarter, Holdings Channel reports. The fund owned 35,249 shares of the company’s stock after selling 2,725 shares during the period. Exchange Traded Concepts LLC’s holdings in Take-Two Interactive Software were worth $8,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MCF Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $28,000. Essential Partners LLC lifted its holdings in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software in the 4th quarter valued at $34,000. Finally, MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter valued at $34,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock opened at $241.91 on Friday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 1.06. The business has a fifty day moving average of $238.48 and a two-hundred day moving average of $221.53. The company has a market cap of $45.23 billion, a P/E ratio of -139.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned ($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, 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 brokerages have commented on TTWO. UBS Group restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday. Oppenheimer boosted their price target on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday. Finally, JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research report on Tuesday. They issued an “overweight” rating and a $310.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Buy” and a consensus target price of $296.95.

Insider Activity at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction that occurred 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 chief executive officer directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 609,936 shares of company stock valued at $138,537,038. 1.12% of the stock is 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.