87,461 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 87,461 shares of the company's stock, valued at approximately $21,864,000.

Several other hedge funds also recently bought and sold shares of TTWO. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Take-Two Interactive Software by 597.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock valued at $1,134,000 after acquiring an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company's stock worth $11,489,000 after purchasing an additional 14,050 shares in the last quarter. Fiera Capital Corp increased its holdings in Take-Two Interactive Software by 33.9% during the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company's stock worth $16,489,000 after purchasing an additional 16,314 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Take-Two Interactive Software during the 2nd quarter worth $37,090,000. Finally, Swedbank AB raised its position in Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company's stock valued at $34,471,000 after purchasing an additional 9,556 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 21,102 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the transaction, the insider directly owned 131,668 shares of the company's stock, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director owned 21,868 shares of the company's stock, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 540,759 shares of company stock valued at $123,183,789. 1.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Roth Capital lifted their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 10th. Wells Fargo & Company raised their target price on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Oppenheimer raised their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Finally, BTIG Research boosted their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a "buy" rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $296.95.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $233.00 on Friday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The firm has a market cap of $43.57 billion, a price-to-earnings ratio of -134.68, a PEG ratio of 1.55 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day simple moving average of $242.36 and a two-hundred day simple moving average of $222.68.

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). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. 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. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Take-Two Interactive Software 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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