CHURCHILL MANAGEMENT Corp Buys Shares of 51,065 Take-Two Interactive Software, Inc. $TTWO

Key Points

• Churchill Management Corp has acquired 51,065 shares of Take-Two Interactive Software, valued at approximately $12.4 million, indicating growing institutional interest in the company.
• Multiple analysts have raised their price targets for Take-Two Interactive, with recommendations including "outperform" and "buy", setting targets from $260 to $285.
• Take-Two's recent quarterly earnings exceeded expectations, reporting $1.50 billion in revenue and $0.61 EPS, a significant year-over-year increase.

CHURCHILL MANAGEMENT Corp purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 51,065 shares of the company's stock, valued at approximately $12,401,000.

Several other hedge funds have also added to or reduced their stakes in TTWO. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 2.6% during the first quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock worth $4,117,123,000 after purchasing an additional 506,026 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Take-Two Interactive Software by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock worth $1,110,510,000 after buying an additional 89,093 shares during the period. Invesco Ltd. grew its position in shares of Take-Two Interactive Software by 11.0% in the 1st quarter. Invesco Ltd. now owns 2,975,192 shares of the company's stock valued at $616,609,000 after buying an additional 294,378 shares during the last quarter. First Manhattan CO. LLC. grew its position in shares of Take-Two Interactive Software by 6.5% in the 1st quarter. First Manhattan CO. LLC. now owns 2,397,679 shares of the company's stock valued at $496,919,000 after buying an additional 147,077 shares during the last quarter. Finally, Ninety One UK Ltd increased its stake in shares of Take-Two Interactive Software by 22.8% in the second quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company's stock valued at $437,514,000 after buying an additional 334,946 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TTWO shares. Raymond James Financial lifted their price objective on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wells Fargo & Company initiated coverage on shares of Take-Two Interactive Software in a research report on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective for the company. Bank of America lifted their target price on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, CICC Research began coverage on shares of Take-Two Interactive Software in a research report on Tuesday. They set an "outperform" rating and a $272.00 price target on the stock. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.50.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $255.40 on Thursday. Take-Two Interactive Software, Inc. has a one year low of $146.76 and a one year high of $261.47. The company has a market cap of $47.11 billion, a PE ratio of -10.67, a P/E/G ratio of 5.48 and a beta of 1.01. The stock has a 50-day moving average of $237.03 and a 200-day moving average of $229.31. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned ($1.52) earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Take-Two Interactive Software has set its Q2 2026 guidance at 0.850-0.950 EPS. FY 2026 guidance at 2.600-2.850 EPS. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 1,000 shares of Take-Two Interactive Software stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $239.57, for a total transaction of $239,570.00. Following the completion of the transaction, the director owned 21,901 shares in the company, valued at approximately $5,246,822.57. The trade was a 4.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Karl Slatoff sold 48,995 shares of Take-Two Interactive Software stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.68, for a total value of $11,155,181.60. The disclosure for this sale can be found here. In the last three months, insiders sold 141,825 shares of company stock valued at $32,532,671. Corporate insiders own 1.34% of the company's stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.