1248 Management LLC Sells 1,124 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• 1248 Management LLC reduced its stake in Take-Two Interactive Software by 24.5%, selling 1,124 shares and now holding 3,458 shares valued at approximately $717,000.
• Institutional investors own 95.46% of Take-Two's stock, with notable purchases by Vanguard Group and Invesco Ltd. increasing their stakes in the first quarter.
• Take-Two reported earnings of $0.61 per share for the last quarter, exceeding expectations of $0.28, along with a revenue increase of 16.4% year-over-year, totaling $1.50 billion.

1248 Management LLC reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,458 shares of the company's stock after selling 1,124 shares during the period. 1248 Management LLC's holdings in Take-Two Interactive Software were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Paloma Partners Management Co boosted its stake in shares of Take-Two Interactive Software by 45.9% in the first quarter. Paloma Partners Management Co now owns 6,000 shares of the company's stock valued at $1,244,000 after buying an additional 1,887 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in shares of Take-Two Interactive Software in the first quarter valued at approximately $250,000. Royal Bank of Canada boosted its stake in shares of Take-Two Interactive Software by 18.9% in the first quarter. Royal Bank of Canada now owns 754,848 shares of the company's stock valued at $156,443,000 after buying an additional 120,220 shares during the period. Benchstone Capital Management LP raised its position in Take-Two Interactive Software by 14.9% during the first quarter. Benchstone Capital Management LP now owns 151,169 shares of the company's stock valued at $31,330,000 after purchasing an additional 19,627 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Take-Two Interactive Software during the first quarter valued at approximately $580,000. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on TTWO shares. Zacks Research upgraded shares of Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Raymond James Financial boosted their price objective on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Citigroup upped their price target on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wedbush upped their price target on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Benchmark upped their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus target price of $248.32.

Take-Two Interactive Software Trading Down 0.4%

NASDAQ TTWO traded down $0.97 on Friday, reaching $239.68. The company had a trading volume of 979,225 shares, compared to its average volume of 1,981,106. The firm has a market cap of $44.21 billion, a price-to-earnings ratio of -10.01, a P/E/G ratio of 6.01 and a beta of 1.00. Take-Two Interactive Software, Inc. has a fifty-two week low of $146.76 and a fifty-two week high of $245.07. The business has a 50 day moving average of $232.44 and a two-hundred day moving average of $224.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.31 billion. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.52) earnings per share. Take-Two Interactive Software has set its Q2 2026 guidance at 0.850-0.950 EPS. FY 2026 guidance at 2.600-2.850 EPS. Analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,325 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $528,867.75. Following the sale, the director owned 9,063 shares of the company's stock, valued at approximately $2,061,560.61. This represents a 20.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 48,995 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.68, for a total transaction of $11,155,181.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,411 shares of company stock valued at $32,430,724. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.