1832 Asset Management L.P. Reduces Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• 1832 Asset Management L.P. has reduced its stake in Take-Two Interactive Software to 774,685 shares, a decrease of 24.2%, now valued at $160.55 million.
• Institutional investors own 95.46% of Take-Two's stock, indicating strong institutional interest in the company.
• Analysts have been bullish on Take-Two, with UBS, Raymond James, and Bank of America increasing their price targets, indicating a consensus price target of $245.60 for the stock.

1832 Asset Management L.P. cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774,685 shares of the company's stock after selling 247,652 shares during the quarter. 1832 Asset Management L.P. owned about 0.44% of Take-Two Interactive Software worth $160,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TTWO. Park Square Financial Group LLC purchased a new stake in Take-Two Interactive Software in the 4th quarter worth approximately $28,000. North Capital Inc. bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth $35,000. Graybill Wealth Management LTD. bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth $37,000. Zions Bancorporation National Association UT bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth $37,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares during the last quarter. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TTWO. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price target (down previously from $240.00) on shares of Take-Two Interactive Software in a report on Monday, May 5th. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Benchmark increased 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. Morgan Stanley increased their price target on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Finally, UBS Group increased their target price on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.60.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,325 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $528,867.75. Following the sale, the director owned 9,063 shares of the company's stock, valued at $2,061,560.61. This trade represents a 20.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 22,479 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the completion of the sale, the insider directly owned 129,792 shares in the company, valued at approximately $29,523,786.24. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 535,789 shares of company stock worth $121,089,348. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Trading Up 0.5%

Shares of TTWO stock traded up $1.16 on Friday, hitting $229.03. 1,089,234 shares of the company's stock traded hands, compared to its average volume of 1,875,030. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. Take-Two Interactive Software, Inc. has a one year low of $146.76 and a one year high of $245.07. The company's fifty day simple moving average is $233.25 and its 200 day simple moving average is $222.59. The stock has a market capitalization of $42.25 billion, a price-to-earnings ratio of -9.57, a P/E/G ratio of 5.76 and a beta of 0.99.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.33. The business had revenue of $1,503,800 billion for the quarter, compared to analyst estimates 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 company's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.52) EPS. 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. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

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.