Commerce Bank Buys Shares of 14,555 Take-Two Interactive Software, Inc. $TTWO

Key Points

• Commerce Bank acquired 14,555 Take-Two Interactive shares in the second quarter, valued at approximately $3.64 million. Institutional investors collectively own 95.46% of the company.
• Take-Two reported quarterly revenue of $1.53 billion, exceeding estimates, but posted an adjusted loss of $0.18 per share and revenue declined 2.1% year over year.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $296.95, while recent insider sales totaled about $123.2 million over 90 days.

Commerce Bank 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,555 shares of the company's stock, valued at approximately $3,638,000.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Take-Two Interactive Software in the first quarter worth $425,000. Empowered Funds LLC lifted its position in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company's stock valued at $688,000 after buying an additional 388 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at approximately $2,747,000. Finally, Jump Financial LLC boosted its holdings in shares of Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company's stock worth $1,728,000 after acquiring an additional 3,650 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 2.6%

Take-Two Interactive Software stock opened at $233.50 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The stock has a market cap of $43.66 billion, a P/E ratio of -134.97, a PEG ratio of 1.59 and a beta of 0.97. The firm's fifty day moving average price is $242.32 and its 200-day moving average price is $221.90.

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 (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted ($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. Equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on TTWO shares. Wedbush reiterated an "outperform" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on Take-Two Interactive Software in a research note on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 target price for the company. UBS Group reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Oppenheimer upped their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Finally, BTIG Research increased 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. Two 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. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $296.95.

Insider Activity at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 500 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. 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 208,969 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% 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 540,759 shares of company stock valued at $123,183,789 in the last ninety days. 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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source