Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,266 shares of the company’s stock after acquiring an additional 34,567 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.13% of Take-Two Interactive Software worth $58,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $28,000. MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $34,000. Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $34,000. Finally, Reflection Asset Management bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $40,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Down 0.4%

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 stock has a fifty day moving average of $238.48 and a 200 day moving average of $221.53. 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 stock has a market cap of $45.23 billion, a PE 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 released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The company’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, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current year.

Analysts Set New Price Targets

TTWO has been the subject of several research analyst reports. BTIG Research lifted their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. Wells Fargo & Company raised 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 report on Monday. Oppenheimer lifted 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. Finally, Roth Capital boosted their price objective on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a report on Monday. Two research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $296.95.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider directly owned 113,988 shares in the company, valued at approximately $26,217,240. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The SEC filing for this sale provides additional information. Insiders sold 609,936 shares of company stock valued at $138,537,038 in the last quarter. Insiders own 1.12% of the company’s stock.

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.