NewEdge Advisors LLC Increases Position in Take-Two Interactive Software, Inc. $TTWO

NewEdge Advisors LLC raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 98.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 19,233 shares of the company’s stock after acquiring an additional 9,550 shares during the quarter. NewEdge Advisors LLC’s holdings in Take-Two Interactive Software were worth $4,808,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TTWO. California State Teachers Retirement System grew its holdings in Take-Two Interactive Software by 21,833.4% during the 2nd quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company’s stock worth $16,450,993,000 after acquiring an additional 65,509,194 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth $4,560,679,000. Geode Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Norges Bank acquired a new position in shares of Take-Two Interactive Software during the fourth quarter worth $735,389,000. Finally, Bank of America Corp DE purchased a new position in Take-Two Interactive Software in the second quarter valued at $599,405,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 3.5%

TTWO stock opened at $222.91 on Tuesday. The company has a fifty day moving average price of $235.57 and a 200 day moving average price of $224.22. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The company has a market cap of $41.68 billion, a price-to-earnings ratio of -128.85, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data 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 business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted ($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 5.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTWO. DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Bank of America increased their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $296.95.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel Emerson sold 744 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the transaction, the insider directly owned 112,327 shares in the company, valued at approximately $24,378,328.81. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, Director LaVerne Srinivasan sold 362 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the completion of the transaction, the director directly owned 8,357 shares in the company, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 43,318 shares of company stock worth $10,874,057 in the last ninety days. Company insiders own 1.12% of the company’s stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga’s casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.