Callan Family Office LLC Purchases New Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Callan Family Office initiated a $1.11 million position in Take-Two Interactive Software during the second quarter, while institutional investors collectively own 95.46% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $296.95; recent targets range from $300 to $310.
• TTWO shares opened at $233.50 after declining 2.6%. The company beat revenue estimates with $1.53 billion but missed quarterly EPS expectations, reporting a loss of $0.18 per share.

Callan Family Office LLC purchased a new position 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 Securities and Exchange Commission (SEC). The fund purchased 4,431 shares of the company's stock, valued at approximately $1,108,000.

Other hedge funds have also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at $86,000. Allworth Financial LP purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $1,299,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Take-Two Interactive Software in the second quarter worth approximately $2,526,000. Portfolio Design Labs LLC bought a new position in Take-Two Interactive Software in the 2nd quarter worth $307,000. Finally, PCM Encore LLC purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth about $370,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TTWO. DA Davidson reiterated a "buy" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Wedbush restated an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a research report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price target on the stock. Finally, Roth Capital increased their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research note 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $296.95.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the sale, the director owned 1,666 shares of the company's stock, valued at approximately $403,738.44. This trade represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Sheresky sold 127 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $31,116.27. Following the sale, the director owned 65,368 shares in the company, valued at $16,015,813.68. The trade was a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 540,759 shares of company stock valued at $123,183,789 in the last 90 days. 1.12% of the stock is owned by insiders.

Take-Two Interactive Software Trading Down 2.6%

NASDAQ:TTWO opened at $233.50 on Tuesday. The firm has a 50 day moving average of $242.32 and a 200 day moving average of $221.90. The stock has a market capitalization of $43.66 billion, a price-to-earnings ratio of -134.97, a PEG ratio of 1.59 and a beta of 0.97. 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 52 week low of $187.63 and a 52 week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data 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). 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 period in the previous year, the business earned ($0.07) EPS. The firm's revenue for the quarter 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, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal 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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