18,244,175 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 18.24 million Take-Two shares worth approximately $4.56 billion, giving it a 9.76% stake. Institutional investors collectively own 95.46% of TTWO.
• Take-Two insiders sold 610,759 shares worth about $138.7 million over the past 90 days, including a $47.5 million sale by President Karl Slatoff under a Rule 10b5-1 plan.
• The company missed quarterly EPS estimates with a loss of $0.18 per share, although revenue of $1.53 billion exceeded expectations. Analysts remain bullish, assigning a consensus “Buy” rating and an average price target of $296.95.

BlackRock Inc. bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,244,175 shares of the company's stock, valued at approximately $4,560,679,000. BlackRock Inc. owned approximately 9.76% of Take-Two Interactive Software at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. MCF Advisors LLC purchased a new position in Take-Two Interactive Software in the 4th quarter worth $25,000. Mosley Wealth Management boosted its position in Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company's stock valued at $27,000 after buying an additional 80 shares during the period. Essential Partners LLC boosted its position 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 buying an additional 130 shares during the period. Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at about $34,000. Finally, MV Capital Management Inc. bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at about $34,000. 95.46% of the stock is currently owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other news, Director Michael Dornemann sold 1,151 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. 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 610,759 shares of company stock worth $138,737,789 over the last 90 days. 1.12% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $242.40 on Wednesday. The firm has a market capitalization of $45.32 billion, a price-to-earnings ratio of -140.11, a PEG ratio of 1.70 and a beta of 0.97. The stock has a fifty day moving average of $240.32 and a 200 day moving average of $221.50. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. 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 issued its quarterly earnings data 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 negative net margin of 4.79% and a positive return on equity of 12.25%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm'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, research analysts expect that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTWO. Wedbush reissued an "outperform" rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, August 10th. BMO Capital Markets restated an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Bank of America lifted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Finally, Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $296.95.

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.

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