Oppenheimer Asset Management Inc. Acquires New Position in Take-Two Interactive Software, Inc. $TTWO

Oppenheimer Asset Management Inc. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,187 shares of the company’s stock, valued at approximately $5,546,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth about $28,000. Mosley Wealth Management increased 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 valued at $27,000 after acquiring an additional 80 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. 95.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTWO has been the subject of a number of analyst reports. Roth Capital boosted their price objective 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. Oppenheimer increased their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Robert W. Baird lifted 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 research report on Monday, August 10th. Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Finally, BTIG Research upped their price objective on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $296.95.

Insider Activity at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director directly 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. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen F. Siminoff sold 334 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $252.53, for a total transaction of $84,345.02. Following the completion of the sale, the director directly owned 1,833 shares in the company, valued at $462,887.49. This represents a 15.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 609,936 shares of company stock valued at $138,537,038 over the last three months. Insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $246.95 on Friday. The stock has a 50 day simple moving average of $239.13 and a 200 day simple moving average of $221.70. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 1.06. The firm has a market capitalization of $46.17 billion, a PE ratio of -142.74, a P/E/G ratio of 1.70 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Friday, August 7th. The company reported ($0.18) 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 company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business posted ($0.07) earnings per share. The business’s quarterly revenue 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. Sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

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.