Verdence Capital Advisors LLC increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 53.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,127 shares of the company’s stock after buying an additional 17,066 shares during the period. Verdence Capital Advisors LLC’s holdings in Take-Two Interactive Software were worth $10,194,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Maxi Investments CY Ltd acquired a new stake in shares of Take-Two Interactive Software during the third quarter worth approximately $374,000. Flagship Harbor Advisors LLC raised its position in Take-Two Interactive Software by 34.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,246 shares of the company’s stock valued at $466,000 after purchasing an additional 570 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Take-Two Interactive Software by 0.9% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 119,639 shares of the company’s stock worth $24,825,000 after acquiring an additional 1,045 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Take-Two Interactive Software by 19.9% in the third quarter. Kingswood Wealth Advisors LLC now owns 4,909 shares of the company’s stock valued at $1,019,000 after acquiring an additional 814 shares during the period. Finally, Valley National Advisers Inc. grew its stake in Take-Two Interactive Software by 624.1% in the third quarter. Valley National Advisers Inc. now owns 391 shares of the company’s stock valued at $81,000 after acquiring an additional 337 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Take-Two Interactive Software Stock Down 0.2%
Shares of NASDAQ TTWO opened at $203.35 on Tuesday. The firm has a market cap of $38.02 billion, a PE ratio of -117.54, a P/E/G ratio of 1.43 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The company’s fifty day simple moving average is $214.11 and its 200 day simple moving average is $221.23. 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 – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The company’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. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director William B. Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the transaction, the director directly owned 47,187 shares of the company’s stock, valued at approximately $9,550,176.93. This represents a 17.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Sheresky sold 484 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $203.69, for a total value of $98,585.96. Following the completion of the transaction, the director owned 66,010 shares in the company, valued at approximately $13,445,576.90. The trade was a 0.73% 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. Insiders sold a total of 53,636 shares of company stock worth $12,930,991 over the last 90 days. 1.12% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
TTWO has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Tuesday, October 6th. 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. JPMorgan Chase & Co. initiated coverage on Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price on the stock. Arete Research decreased their price objective on shares of Take-Two Interactive Software from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Finally, Robert W. Baird lifted their price objective on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Twenty-two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $291.68.
Get Our Latest Report on Take-Two Interactive Software
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.
Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.
Read More
- Five stocks we like better than Take-Two Interactive Software
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
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.
