Caisse de depot et placement du Quebec Purchases Shares of 369,527 Take-Two Interactive Software, Inc. $TTWO

Caisse de depot et placement du Quebec acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report) in the second quarter, HoldingsChannel reports. The fund acquired 369,527 shares of the company’s stock, valued at approximately $92,374,000.

Several other large investors have also made changes to their positions in TTWO. BlackRock Inc. acquired a new position in Take-Two Interactive Software in the second quarter valued at $4,560,679,000. State Street Corp increased its stake in Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after acquiring an additional 390,331 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after purchasing an additional 60,893 shares during the period. Invesco Ltd. raised its holdings in shares of Take-Two Interactive Software by 0.6% in the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after purchasing an additional 16,758 shares during the period. Finally, Norges Bank purchased a new position in shares of Take-Two Interactive Software in the 4th quarter worth about $735,389,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 208,969 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the company’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 sale, the director owned 21,868 shares in the company, valued at $5,349,131.48. The trade was a 2.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 540,759 shares of company stock valued at $123,183,789. Corporate insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Trading Up 0.2%

TTWO opened at $233.45 on Thursday. The stock has a market capitalization of $43.65 billion, a PE ratio of -134.94, a P/E/G ratio of 1.55 and a beta of 0.97. The firm’s fifty day moving average price is $242.48 and its 200 day moving average price is $222.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last announced 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). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) earnings per share. 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, research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. 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 report on Monday, August 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Oppenheimer lifted their price target on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, Robert W. Baird boosted their price objective 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. Two research 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. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $296.95.

Read Our Latest Stock Report on Take-Two Interactive Software

About Take-Two Interactive Software

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWOFree Report).

Institutional Ownership by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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