Great Lakes Advisors LLC Invests $1.54 Million in Take-Two Interactive Software, Inc. $TTWO

Great Lakes Advisors LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,143 shares of the company’s stock, valued at approximately $1,536,000.

A number of other hedge funds have also made changes to their positions in TTWO. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the 4th quarter valued at $25,000. Mosley Wealth Management raised 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 buying an additional 80 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $32,000. MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 0.2%

Shares of NASDAQ TTWO opened at $239.62 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The business has a 50-day moving average price of $241.97 and a two-hundred day moving average price of $221.75. The firm has a market capitalization of $44.80 billion, a PE ratio of -138.51, a PEG ratio of 1.59 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. 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. As a group, analysts predict that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the transaction, the insider owned 131,668 shares in the company, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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, President Karl Slatoff sold 208,969 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 610,759 shares of company stock valued at $138,737,789. Company insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTWO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Robert W. Baird upped their price target on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $296.95.

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.