Bank of New York Mellon Corp Invests $234.77 Million in Take-Two Interactive Software, Inc. $TTWO

Bank of New York Mellon Corp bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 939,172 shares of the company's stock, valued at approximately $234,774,000. Bank of New York Mellon Corp owned approximately 0.50% of Take-Two Interactive Software as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTWO. Vanguard Group Inc. increased its holdings in shares of Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock valued at $5,598,914,000 after acquiring an additional 166,661 shares during the period. State Street Corp grew its stake in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company's stock valued at $2,919,362,000 after purchasing an additional 390,331 shares during the last quarter. Geode Capital Management LLC grew its stake in Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company's stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Invesco Ltd. raised its holdings in Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company's stock worth $739,707,000 after purchasing an additional 16,758 shares in the last quarter. Finally, Norges Bank bought a new position in Take-Two Interactive Software in the fourth quarter worth about $735,389,000. 95.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTWO shares. Zacks Research raised shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. 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 note on Monday, August 10th. BTIG Research lifted their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a report on Monday, August 10th. UBS Group reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, DA Davidson reiterated a "buy" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $296.95.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the sale, the director owned 1,666 shares in the company, valued at $403,738.44. This represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 610,759 shares of company stock worth $138,737,789. Company insiders own 1.12% of the company's stock.

Take-Two Interactive Software Trading Down 0.2%

Take-Two Interactive Software stock opened at $239.62 on Friday. The stock has a 50-day moving average price of $241.97 and a 200 day moving average price of $221.75. The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of -138.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97. 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 quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

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 during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company posted ($0.07) EPS. Take-Two Interactive Software's quarterly 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. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

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.

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