Equitable Holdings Inc. bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 2,829 shares of the company’s stock, valued at approximately $707,000.
A number of other hedge funds have also bought and sold shares of the company. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $25,000. Mosley Wealth Management boosted its holdings in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the period. Meeder Asset Management Inc. acquired a new position in Take-Two Interactive Software in the second quarter worth $32,000. Essential Partners LLC increased its stake in Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Finally, MV Capital Management Inc. bought a new stake in Take-Two Interactive Software during the fourth quarter valued at $34,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Take-Two Interactive Software
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
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on TTWO
Take-Two Interactive Software Trading Up 1.0%
Shares of Take-Two Interactive Software stock opened at $235.39 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $44.01 billion, a price-to-earnings ratio of -136.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.97. The business has a fifty day simple moving average of $242.28 and a 200-day simple moving average of $222.76. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94.
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last released its 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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned ($0.07) earnings per share. Take-Two Interactive Software’s 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. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Strauss Zelnick sold 208,969 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the chief executive officer directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 131,668 shares in the company, valued at $28,915,609.48. This represents a 13.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 540,759 shares of company stock worth $123,183,789. 1.12% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than Take-Two Interactive Software
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
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:TTWO – Free Report).
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.
