Wealthfront Advisers LLC Makes New $5.53 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Wealthfront Advisers LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, Holdings Channel reports. The institutional investor bought 22,133 shares of the company’s stock, valued at approximately $5,533,000.

Other large investors have also bought and sold shares of the company. Ontario Teachers Pension Plan Board bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $37,090,000. Deepwater Asset Management LLC acquired a new position in Take-Two Interactive Software during the 2nd quarter worth approximately $7,981,000. Meeder Advisory Services Inc. acquired a new position in Take-Two Interactive Software during the 2nd quarter worth approximately $1,030,000. Meeder Asset Management Inc. bought a new position in Take-Two Interactive Software in the second quarter worth approximately $32,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in Take-Two Interactive Software in the second quarter valued at approximately $1,351,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $240.15 on Friday. 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 firm has a 50-day moving average of $241.41 and a 200-day moving average of $221.63. 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 market cap of $44.90 billion, a P/E ratio of -138.81, a P/E/G ratio of 1.57 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 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 firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm posted ($0.07) earnings per share. The firm’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 forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BTIG Research upped their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Wells Fargo & Company upped their target price on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and an average target price of $296.95.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 21,102 shares of Take-Two Interactive Software stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the sale, the insider directly owned 131,668 shares in the company, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 610,759 shares of company stock worth $138,737,789 over the last 90 days. 1.12% of the stock is currently owned by corporate insiders.

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.