Atalanta Sosnoff Capital LLC Takes $46.57 Million Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Atalanta Sosnoff Capital LLC acquired 224,708 shares of Take-Two Interactive Software, valued at approximately $46.57 million, during the first quarter of 2023.
• Insider transactions revealed significant selling activity, with one director selling 198 shares and another insider selling 22,479 shares, indicating a decrease in ownership for both individuals.
• A majority of analysts maintain a consensus rating of "Moderate Buy" for Take-Two Interactive Software, with notable price target increases from firms like UBS Group and Wedbush.

Atalanta Sosnoff Capital LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 224,708 shares of the company's stock, valued at approximately $46,571,000. Atalanta Sosnoff Capital LLC owned about 0.13% of Take-Two Interactive Software as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth $28,000. 1 North Wealth Services LLC purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at $29,000. North Capital Inc. purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at $35,000. Graybill Wealth Management LTD. purchased a new position in shares of Take-Two Interactive Software during the first quarter valued at $37,000. Finally, Zions Bancorporation National Association UT bought a new stake in Take-Two Interactive Software during the first quarter valued at about $37,000. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Down 0.4%

Shares of Take-Two Interactive Software stock traded down $0.97 during trading hours on Friday, hitting $239.68. The company's stock had a trading volume of 979,291 shares, compared to its average volume of 1,653,426. Take-Two Interactive Software, Inc. has a twelve month low of $146.76 and a twelve month high of $245.07. The firm has a fifty day moving average of $232.40 and a 200-day moving average of $224.16. The stock has a market cap of $44.21 billion, a price-to-earnings ratio of -10.01, a P/E/G ratio of 6.05 and a beta of 1.00. 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 (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted ($1.52) EPS. The company's quarterly revenue 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. Research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Transactions at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 20,000 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $230.69, for a total value of $4,613,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was 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 in the company, valued at approximately $2,061,560.61. This trade represents a 20.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,411 shares of company stock worth $32,430,724. 1.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TTWO has been the topic of a number of recent research reports. Zacks Research raised Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. UBS Group lifted their target price on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wedbush lifted their target price on Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Benchmark lifted their price target on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company assumed coverage on Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 price target for the company. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $248.32.

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.