Northwestern Mutual Wealth Management Co. Purchases New Position in Take-Two Interactive Software, Inc. $TTWO

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 242,685 shares of the company’s stock, valued at approximately $60,667,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTWO. BlackRock Inc. acquired a new stake in Take-Two Interactive Software in the second quarter valued at approximately $4,560,679,000. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $735,389,000. Bank of New York Mellon Corp bought a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $234,774,000. Deutsche Bank AG bought a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $205,858,000. Finally, AQR Capital Management LLC lifted its stake in shares of 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 valued at $291,551,000 after acquiring an additional 704,316 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $239.62 on Friday. The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of -138.51, a PEG ratio of 1.59 and a beta of 0.97. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The stock has a fifty day simple moving average of $241.97 and a 200 day simple moving average 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 (NASDAQ:TTWO) last announced 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 company had revenue of $1.53 billion for 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%.The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts expect that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 610,759 shares of company stock valued at $138,737,789. Corporate insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a research report on Thursday, August 6th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, Robert W. Baird raised their price objective on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $296.95.

About Take-Two Interactive Software

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.