Cibc World Market Inc. purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the second quarter, HoldingsChannel reports. The fund purchased 101,769 shares of the company’s stock, valued at approximately $25,440,000.
Several other hedge funds have also bought and sold shares of TTWO. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. Mosley Wealth Management increased its position in Take-Two Interactive Software by 266.7% during the second 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. Meeder Asset Management Inc. bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $32,000. Essential Partners LLC raised 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 worth $33,000 after buying an additional 130 shares during the period. Finally, Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Insider Activity at Take-Two Interactive Software
In related news, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated 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 sale, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software 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 completion of the sale, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 610,759 shares of company stock valued at $138,737,789. 1.12% of the stock is owned by corporate insiders.
Take-Two Interactive Software Price Performance
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last issued 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 positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted ($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. On average, research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on TTWO shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. BTIG Research boosted 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. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Robert W. Baird lifted 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 research note on Monday, August 10th. Finally, Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Buy” and an average target price of $296.95.
Get Our Latest Report on Take-Two Interactive Software
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.
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