Take-Two Interactive Software, Inc. $TTWO Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 37.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,683 shares of the company’s stock after selling 5,850 shares during the period. NewEdge Advisors LLC’s holdings in Take-Two Interactive Software were worth $1,912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TTWO. MCF Advisors LLC acquired a new position in Take-Two Interactive Software during the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Essential Partners LLC lifted its stake in shares of Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the period. Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $34,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter worth approximately $34,000. 95.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Bank of America upped their target price on 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. UBS Group reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $296.95.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $246.95 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $239.13 and a 200-day moving average of $221.70. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of -142.74, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last announced 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). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. 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. Analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 609,936 shares of company stock valued at $138,537,038 in the last ninety days. 1.12% of the stock is owned by company insiders.

Take-Two Interactive Software Company 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.