Alyeska Investment Group L.P. Has $246.04 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Alyeska Investment Group increased its Take-Two stake by 69.1% in the second quarter, ending with 984,245 shares worth approximately $246 million. Institutional investors and hedge funds collectively own 95.46% of TTWO.
• Wall Street remains broadly positive, with 19 Buy, one Strong Buy, one Hold and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $296.95.
• Take-Two’s latest quarter fell short on earnings, reporting a $0.18 loss per share versus expectations for $0.33 in earnings, although revenue of $1.53 billion exceeded estimates. Insiders sold roughly $123.2 million of stock during the last quarter.

Alyeska Investment Group L.P. lifted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 69.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 984,245 shares of the company's stock after purchasing an additional 402,351 shares during the period. Take-Two Interactive Software accounts for approximately 0.6% of Alyeska Investment Group L.P.'s holdings, making the stock its 24th largest holding. Alyeska Investment Group L.P. owned about 0.53% of Take-Two Interactive Software worth $246,042,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Take-Two Interactive Software during the 2nd quarter worth approximately $4,560,679,000. Norges Bank bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $735,389,000. Bank of America Corp DE acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $599,405,000. Legal & General Group Plc acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $277,219,000. Finally, Bank of New York Mellon Corp acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $234,774,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Take-Two Interactive Software news, President Karl Slatoff sold 208,969 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president directly owned 1,006,021 shares of the company's stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 540,759 shares of company stock valued at $123,183,789 in the last quarter. Company insiders own 1.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TTWO shares. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Roth Capital raised their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. UBS Group reiterated a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $296.95.

Take-Two Interactive Software Trading Up 1.0%

NASDAQ TTWO opened at $235.39 on Friday. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. 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 stock's 50 day moving average price is $242.28 and its two-hundred day moving average price is $222.76. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of -136.06, a PEG ratio of 1.56 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly 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). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business earned ($0.07) earnings per share. Take-Two Interactive Software's revenue was down 2.1% compared to the same quarter last year. 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. As a group, analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

More Take-Two Interactive Software News

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

Take-Two Interactive Software Company 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.

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.

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