Alight Capital Management LP Invests $12.44 Million in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Alight Capital Management LP made a significant investment in Take-Two Interactive Software by acquiring 60,000 shares valued at approximately $12.4 million, making it the firm's 4th largest holding.
• A majority of Take-Two's stock, about 95.46%, is held by hedge funds and institutional investors, showing strong institutional interest in the company.
• The company's recent earnings report revealed a notable revenue increase of 16.4% year-over-year, with earnings per share beating estimates at $0.61 compared to the expected $0.28.

Alight Capital Management LP bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 60,000 shares of the company's stock, valued at approximately $12,435,000. Take-Two Interactive Software accounts for approximately 5.8% of Alight Capital Management LP's portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. 1 North Wealth Services LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter worth approximately $29,000. Park Square Financial Group LLC bought a new stake in Take-Two Interactive Software during the fourth quarter worth approximately $28,000. North Capital Inc. acquired a new position in Take-Two Interactive Software in the first quarter worth approximately $35,000. Zions Bancorporation National Association UT bought a new position in shares of Take-Two Interactive Software in the first quarter valued at $37,000. Finally, Graybill Wealth Management LTD. bought a new position in shares of Take-Two Interactive Software in the first quarter valued at $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Strauss Zelnick sold 20,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $230.69, for a total value of $4,613,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jon J. Moses sold 1,000 shares of the firm's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $239.57, for a total value of $239,570.00. Following the transaction, the director owned 21,901 shares in the company, valued at approximately $5,246,822.57. This trade represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 141,411 shares of company stock worth $32,430,724 in the last 90 days. 1.34% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.4%

Shares of NASDAQ TTWO traded down $0.97 during trading hours on Friday, hitting $239.68. The stock had a trading volume of 979,291 shares, compared to its average volume of 1,653,426. The firm's 50-day moving average price is $232.40 and its two-hundred day moving average price is $224.16. Take-Two Interactive Software, Inc. has a 52 week low of $146.76 and a 52 week high of $245.07. The company has a market capitalization of $44.21 billion, a P/E 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.33. The firm had revenue of $1.50 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 for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned ($1.52) earnings per share. 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. Analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Take-Two Interactive Software in a research note on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective for the company. Robert W. Baird upped their target price on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Zacks Research raised Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Morgan Stanley boosted their price objective on 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, Benchmark raised their target price 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. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.32.

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.