Allworth Financial LP Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Allworth Financial acquired 5,195 shares of Take-Two Interactive Software in the second quarter, valued at approximately $1.3 million. Institutional investors collectively own 95.46% of TTWO.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $296.95; several firms recently raised targets to between $300 and $313.
• Take-Two reported quarterly revenue of $1.53 billion, beating estimates, but missed earnings expectations with a loss of $0.18 per share. The stock opened at $239.62, while insiders sold approximately $138.7 million worth of shares during the latest quarter.

Allworth Financial LP acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,195 shares of the company's stock, valued at approximately $1,299,000.

A number of other institutional investors also recently modified their holdings of TTWO. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. Mosley Wealth Management lifted its holdings in Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock worth $27,000 after buying an additional 80 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Take-Two Interactive Software in the 2nd quarter valued at $32,000. Essential Partners LLC boosted its position in Take-Two Interactive Software by 333.3% in the 1st 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 last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in Take-Two Interactive Software in the 4th quarter valued at $34,000. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TTWO shares. DA Davidson restated a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Roth Capital raised their price target 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. BTIG Research lifted their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Piper Sandler reissued an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Zacks Research upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of "Buy" and an average target price of $296.95.

Take-Two Interactive Software Stock Down 0.2%

Shares of Take-Two Interactive Software stock opened at $239.62 on Friday. 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, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The business has a fifty day simple moving average of $241.97 and a 200 day simple moving average of $221.75. The stock has a market cap of $44.80 billion, a PE ratio of -138.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($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. Research analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Insider Activity

In other news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the transaction, the director directly owned 20,374 shares of the company's stock, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the transaction, the insider directly owned 131,668 shares of the company's stock, valued at $28,915,609.48. This trade represents a 13.81% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 610,759 shares of company stock worth $138,737,789 over the last quarter. 1.12% of the stock is owned by insiders.

About Take-Two Interactive Software

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source