Kingsview Wealth Management LLC Takes Position in Take-Two Interactive Software, Inc. $TTWO

Kingsview Wealth Management LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, Holdings Channel.com reports. The firm bought 5,401 shares of the company’s stock, valued at approximately $1,350,000.

Other large investors have also bought and sold shares of the company. Mayflower Financial Advisors LLC lifted its position in Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after purchasing an additional 48 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its stake in shares of Take-Two Interactive Software by 5.7% during the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock valued at $190,000 after purchasing an additional 52 shares during the period. Huntington National Bank grew its holdings in shares of Take-Two Interactive Software by 4.5% in the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after purchasing an additional 57 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Take-Two Interactive Software by 12.4% in the fourth quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $137,000 after buying an additional 59 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of Take-Two Interactive Software by 6.0% in the fourth quarter. Ballentine Partners LLC now owns 1,063 shares of the company’s stock worth $272,000 after buying an additional 60 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 value of $47,507,012.46. Following the completion of the transaction, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 540,759 shares of company stock valued at $123,183,789 over the last quarter. 1.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TTWO shares. Wells Fargo & Company increased their price target 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. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. JPMorgan Chase & Co. assumed 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 objective for the company. BTIG Research increased their target price on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Robert W. Baird increased their target price 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, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.95.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $235.39 on Friday. The business has a 50 day moving average of $242.28 and a 200 day moving average of $222.76. 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 market cap of $44.01 billion, a PE ratio of -136.06, a P/E/G ratio of 1.56 and a beta of 0.97. 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 (NASDAQ:TTWO) last released its quarterly earnings results 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). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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%. The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm 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, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Take-Two Interactive Software News Roundup

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

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

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.