Bank of Nova Scotia Invests $4.60 Million in Take-Two Interactive Software, Inc. $TTWO

Bank of Nova Scotia acquired a new position in 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 institutional investor acquired 18,411 shares of the company's stock, valued at approximately $4,602,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTWO. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter worth $25,000. Mosley Wealth Management increased its holdings in Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock worth $27,000 after acquiring an additional 80 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $32,000. Essential Partners LLC raised its stake 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 acquiring an additional 130 shares during the period. Finally, Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Down 0.2%

Shares of NASDAQ:TTWO opened at $232.93 on Wednesday. The firm has a fifty day moving average of $242.37 and a 200 day moving average of $222.13. 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 firm has a market capitalization of $43.55 billion, a PE ratio of -134.64, a price-to-earnings-growth ratio of 1.55 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 analysts' consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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 business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter 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. As a group, research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTWO has been the topic of several research reports. 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 research report on Monday, August 10th. Zacks Research upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Wedbush reissued an "outperform" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Roth Capital increased their target price 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. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $296.95.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 362 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the transaction, the director owned 8,357 shares in the company, valued at approximately $2,047,548.57. This represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 40,000 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 540,759 shares of company stock worth $123,183,789. Corporate insiders own 1.12% of the company's stock.

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.

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