Harvey Capital Management Inc. Takes Position in Take-Two Interactive Software, Inc. $TTWO

Harvey Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,580 shares of the company’s stock, valued at approximately $7,644,000. Take-Two Interactive Software comprises 1.6% of Harvey Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. MCF Advisors LLC acquired a new position in Take-Two Interactive Software in the 4th quarter valued at $25,000. Mosley Wealth Management lifted its stake in shares of Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after acquiring an additional 80 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $32,000. Essential Partners LLC boosted its holdings in shares of Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares in the last quarter. Finally, MV Capital Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $34,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target on the stock. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company lifted their price objective on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Robert W. Baird raised their price target on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $296.95.

Insider Activity at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director owned 21,868 shares of the company’s stock, valued at $5,349,131.48. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Dornemann sold 1,151 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 540,759 shares of company stock valued at $123,183,789 in the last ninety days. Company insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $233.00 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The stock has a market cap of $43.57 billion, a PE ratio of -134.68, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. The firm’s fifty day simple moving average is $242.36 and its 200-day simple moving average is $222.68.

Take-Two Interactive Software (NASDAQ:TTWO) last announced 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 company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business earned ($0.07) EPS. The business’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. Analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

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.