Man Group plc Takes $16.56 Million Position in Take-Two Interactive Software, Inc. $TTWO

Man Group plc bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 66,242 shares of the company’s stock, valued at approximately $16,559,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mayflower Financial Advisors LLC increased its stake in Take-Two Interactive Software by 3.6% in the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after purchasing an additional 48 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its stake in Take-Two Interactive Software by 5.7% during the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock valued at $190,000 after buying an additional 52 shares in the last quarter. Huntington National Bank lifted its stake in Take-Two Interactive Software by 4.5% during the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock valued at $342,000 after buying an additional 57 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Take-Two Interactive Software by 12.4% in the fourth quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $137,000 after buying an additional 59 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in shares of Take-Two Interactive Software by 6.0% in the fourth quarter. Ballentine Partners LLC now owns 1,063 shares of the company’s stock worth $272,000 after buying an additional 60 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $233.00 on Friday. The company has a market capitalization of $43.57 billion, a price-to-earnings ratio of -134.68, a P/E/G ratio of 1.55 and a beta of 0.97. 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 debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average is $242.36 and its 200-day moving average is $222.68.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS 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 company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted ($0.07) earnings per share. The business’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. Equities research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael Sheresky sold 127 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $31,116.27. Following the transaction, the director directly owned 65,368 shares in the company, valued at $16,015,813.68. The trade was a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laverne Evans Srinivasan sold 362 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the transaction, the director directly owned 8,357 shares in the company, valued at $2,047,548.57. This trade represents a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 540,759 shares of company stock worth $123,183,789. Insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the topic of several analyst reports. Bank of America lifted their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company upped their price target on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, August 6th. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.