Cantor Fitzgerald Investment Advisors L.P. Buys New Shares in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Cantor Fitzgerald Investment Advisors purchased 6,764 Take-Two Interactive shares in the third quarter, worth approximately $1.4 million. Institutional investors and hedge funds collectively own 95.46% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $298.82; BTIG Research raised its target to $313.
• Take-Two reported quarterly revenue of $1.53 billion, exceeding estimates, but missed earnings expectations with EPS of negative $0.18. The stock opened at $207.81, compared with a 52-week range of $187.63 to $265.94.

Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,764 shares of the company's stock, valued at approximately $1,404,000.

Several other hedge funds have also modified their holdings of the business. Mayflower Financial Advisors LLC boosted its position in Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company's stock worth $269,000 after purchasing an additional 48 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its holdings in Take-Two Interactive Software by 5.7% in the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company's stock valued at $190,000 after purchasing an additional 52 shares during the last quarter. Beacon Financial Advisory LLC increased its position in shares of Take-Two Interactive Software by 3.7% in the second quarter. Beacon Financial Advisory LLC now owns 1,697 shares of the company's stock valued at $424,000 after buying an additional 60 shares in the last quarter. Trust Asset Management LLC increased its position in shares of Take-Two Interactive Software by 3.5% in the second quarter. Trust Asset Management LLC now owns 1,881 shares of the company's stock valued at $470,000 after buying an additional 63 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its stake in shares of Take-Two Interactive Software by 116.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company's stock worth $30,000 after buying an additional 64 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BTIG Research raised their target price on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a "buy" rating in a report on Monday, August 10th. Oppenheimer restated an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Finally, Benchmark reiterated a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $298.82.

Insider Buying and Selling

In related news, Director Michael Sheresky sold 484 shares of Take-Two Interactive Software stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $203.69, for a total transaction of $98,585.96. Following the sale, the director owned 66,010 shares of the company's stock, valued at $13,445,576.90. The trade was a 0.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $202.92, for a total value of $67,775.28. Following the sale, the director directly owned 1,332 shares in the company, valued at approximately $270,289.44. The trade was a 20.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,636 shares of company stock valued at $12,930,991 over the last three months. Company insiders own 1.12% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $207.81 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $38.86 billion, a PE ratio of -120.12, a P/E/G ratio of 1.44 and a beta of 0.97. The firm has a 50 day simple moving average of $215.20 and a 200-day simple moving average of $224.46. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94.

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 (EPS) 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 posted ($0.07) earnings per share. The firm's quarterly revenue was down 2.1% on a year-over-year basis. 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. On average, equities analysts expect that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.

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