Merit Financial Group LLC Purchases 5,048 Shares of Take-Two Interactive Software, Inc. $TTWO

Merit Financial Group LLC raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 144.7% in the second quarter, Holdings Channel.com reports. The fund owned 8,537 shares of the company’s stock after acquiring an additional 5,048 shares during the quarter. Merit Financial Group LLC’s holdings in Take-Two Interactive Software were worth $2,134,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TTWO. LBP AM SA grew its holdings in Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after buying an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Take-Two Interactive Software by 597.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after acquiring an additional 4,920 shares during the period. Rockefeller Capital Management L.P. grew its stake in Take-Two Interactive Software by 45.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after acquiring an additional 14,050 shares in the last quarter. Fiera Capital Corp grew its stake in Take-Two Interactive Software by 33.9% during the fourth 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 in the last quarter. Finally, Swedbank AB increased its holdings in Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after acquiring an additional 9,556 shares during the period. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 609,936 shares of company stock valued at $138,537,038. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Price Performance

TTWO stock opened at $243.00 on Thursday. The firm has a 50 day simple moving average of $237.98 and a two-hundred day simple moving average of $221.55. The stock has a market cap of $45.44 billion, a PE ratio of -140.46, a P/E/G ratio of 1.70 and a beta of 0.97. 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 debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.24.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data 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 negative net margin of 4.79% and a positive return on equity of 12.25%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business posted ($0.07) EPS. The business’s quarterly revenue 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. On average, analysts predict that Take-Two Interactive Software, Inc. will post 5.38 EPS for the current fiscal year.

Key Stories Impacting Take-Two Interactive Software

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

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $310 price target, implying substantial upside from recent levels. DA Davidson reiterated its Buy rating, Wedbush assigned an Outperform rating, and Roth Capital raised its target to $300. The bullish view is centered on the potential commercial impact of GTA VI and Take-Two’s growing recurring-revenue base. JPMorgan coverage article DA Davidson rating article Wedbush rating article Roth Capital price target article
• Positive Sentiment: Institutional ownership remains strong, with BlackRock, Norges Bank, Bank of New York Mellon and Deutsche Bank recently establishing positions, while AQR Capital increased its stake. Such buying can reinforce confidence in Take-Two’s long-term outlook.
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data appears internally inconsistent, it offers little useful trading information.
• Negative Sentiment: CEO Strauss Zelnick sold 40,000 TTWO shares for approximately $10.1 million at an average price of $252.64. The sale may be routine, but it can weigh on sentiment, particularly after additional sizable sales reported in May and June. CEO insider sale article
• Negative Sentiment: Take-Two’s latest quarter included an adjusted EPS loss of $0.18, below the $0.33 consensus estimate, despite revenue of $1.53 billion exceeding expectations. Revenue also declined 2.1% year over year, leaving investors focused on execution and whether GTA VI expectations are already reflected in the stock’s elevated valuation.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday. Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, BTIG Research boosted 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. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Buy” and an average target price of $296.95.

Take-Two Interactive Software 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.