Concentric Capital Strategies LP Takes $314,000 Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Concentric Capital Strategies LP has acquired 1,515 shares of Take-Two Interactive Software, valued at approximately $314,000, indicating growing institutional interest in the company.
• Analysts have raised price targets for Take-Two, with major firms like Bank of America and JPMorgan Chase increasing their targets up to $285.00, showcasing positive market sentiment.
• Despite a negative net margin of 72.92%, Take-Two reported a earnings per share of $0.61 for the last quarter, exceeding expectations alongside a significant revenue increase of 16.4% year-on-year.

Concentric Capital Strategies LP bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,515 shares of the company's stock, valued at approximately $314,000.

Several other large investors have also bought and sold shares of the stock. Alliancebernstein L.P. raised its position in Take-Two Interactive Software by 2.9% during the 1st quarter. Alliancebernstein L.P. now owns 309,437 shares of the company's stock worth $64,131,000 after purchasing an additional 8,854 shares during the last quarter. Banque Transatlantique SA bought a new position in Take-Two Interactive Software during the 1st quarter worth $87,000. AQR Capital Management LLC raised its position in Take-Two Interactive Software by 650.9% during the 1st quarter. AQR Capital Management LLC now owns 168,312 shares of the company's stock worth $34,202,000 after purchasing an additional 145,898 shares during the last quarter. Atalanta Sosnoff Capital LLC bought a new position in Take-Two Interactive Software during the 1st quarter worth $46,571,000. Finally, Alight Capital Management LP bought a new position in Take-Two Interactive Software during the 1st quarter worth $12,435,000. 95.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TTWO shares. Robert W. Baird lifted their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. DA Davidson lifted their price objective on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective for the company. Bank of America lifted their price objective on Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Zacks Research raised Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Eighteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $248.32.

Take-Two Interactive Software Stock Up 3.8%

Shares of TTWO stock traded up $9.10 during trading hours on Monday, reaching $248.78. The company had a trading volume of 2,211,836 shares, compared to its average volume of 1,421,440. Take-Two Interactive Software, Inc. has a 12 month low of $146.76 and a 12 month high of $250.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day simple moving average of $232.40 and a 200-day simple moving average of $224.28. The company has a market cap of $45.89 billion, a price-to-earnings ratio of -10.39, a price-to-earnings-growth ratio of 6.03 and a beta of 1.00.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned ($1.52) earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. 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. On average, research analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Strauss Zelnick sold 45,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $231.20, for a total value of $10,404,000.00. Following the completion of the transaction, the chief executive officer directly owned 281,495 shares of the company's stock, valued at $65,081,644. This represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Karl Slatoff sold 48,995 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.68, for a total value of $11,155,181.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,411 shares of company stock valued at $32,430,724. 1.34% of the stock is currently owned by company insiders.

Take-Two Interactive Software Company 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.