Contour Asset Management LLC Invests $180.70 Million in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Contour Asset Management LLC has invested approximately $180.70 million in Take-Two Interactive Software, acquiring 871,899 shares, making it the fund's 3rd largest holding.
• Take-Two Interactive reported a positive quarterly performance with $0.61 EPS, exceeding estimates, alongside a 16.4% year-over-year revenue growth.
• Analysts display a generally optimistic outlook with eighteen firms rating the stock as a Buy and a consensus price target of $248.32.

Contour Asset Management LLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 871,899 shares of the company's stock, valued at approximately $180,701,000. Take-Two Interactive Software makes up about 7.2% of Contour Asset Management LLC's holdings, making the stock its 3rd largest holding. Contour Asset Management LLC owned about 0.49% of Take-Two Interactive Software as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TTWO. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 2.6% in the first quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock valued at $4,117,123,000 after purchasing an additional 506,026 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Take-Two Interactive Software by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock valued at $1,110,510,000 after buying an additional 89,093 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Take-Two Interactive Software by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after buying an additional 13,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Take-Two Interactive Software by 6.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock valued at $833,470,000 after buying an additional 287,194 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Take-Two Interactive Software by 11.0% during 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. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 22,479 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $227.47, for a total value of $5,113,298.13. Following the transaction, the insider directly owned 129,792 shares in the company, valued at $29,523,786.24. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $528,867.75. Following the sale, the director directly owned 9,063 shares of the company's stock, valued at approximately $2,061,560.61. This trade represents a 20.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,411 shares of company stock valued at $32,191,154 over the last three months. Insiders own 1.34% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $233.27 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of -9.74, a price-to-earnings-growth ratio of 5.87 and a beta of 1.00. Take-Two Interactive Software, Inc. has a one year low of $146.76 and a one year high of $245.07. The company has a 50 day moving average price of $232.68 and a 200 day moving average price of $223.38.

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 for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. Take-Two Interactive Software's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned ($1.52) EPS. 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. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They issued an "overweight" rating and a $265.00 target price for the company. Raymond James Financial raised their price target on shares of 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. Zacks Research upgraded shares of Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, 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. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.32.

Take-Two Interactive Software Profile

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.

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