Van ECK Associates Corp Boosts Stake in Take-Two Interactive Software, Inc. $TTWO

Van ECK Associates Corp lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 27.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 244,465 shares of the company’s stock after acquiring an additional 52,494 shares during the period. Van ECK Associates Corp owned 0.13% of Take-Two Interactive Software worth $61,111,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after buying an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after acquiring an additional 14,050 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Take-Two Interactive Software in the 2nd quarter worth about $23,480,000. Fiera Capital Corp lifted its position in Take-Two Interactive Software by 33.9% during the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after acquiring an additional 16,314 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at about $37,090,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software News Roundup

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

Take-Two Interactive Software Trading Up 1.0%

NASDAQ:TTWO opened at $235.39 on Friday. The company has a market cap of $44.01 billion, a PE ratio of -136.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a 50 day simple moving average of $242.28 and a two-hundred day simple moving average of $222.76. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94.

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). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous 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. Research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Roth Capital lifted their target price 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, August 10th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Oppenheimer upped their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $296.95.

Insider Buying and Selling

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 540,759 shares of company stock valued at $123,183,789 in the last 90 days. Insiders own 1.12% of the company’s stock.

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.