Corient Private Wealth LP Purchases 5,484 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Corient Private Wealth increased its Take-Two Interactive position by 22.4% in the second quarter, purchasing 5,484 shares and bringing its holdings to 30,018 shares valued at approximately $7.5 million. Institutional investors collectively own 95.46% of TTWO.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $296.95. BTIG and Wells Fargo recently raised their targets to $313 and $300, respectively.
• Take-Two shares opened at $210.62, down 0.6%, after the company reported a quarterly EPS loss of $0.18—below estimates—despite revenue of $1.53 billion exceeding forecasts. Insiders sold 43,652 shares worth about $10.95 million over the past three months.

Corient Private Wealth LP grew its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 22.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,018 shares of the company's stock after purchasing an additional 5,484 shares during the quarter. Corient Private Wealth LP's holdings in Take-Two Interactive Software were worth $7,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mayflower Financial Advisors LLC increased its holdings in Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company's stock valued at $269,000 after purchasing an additional 48 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lifted its holdings in Take-Two Interactive Software by 5.7% during the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company's stock worth $190,000 after buying an additional 52 shares during the period. Huntington National Bank grew its position in shares of Take-Two Interactive Software by 4.5% in the 4th quarter. Huntington National Bank now owns 1,335 shares of the company's stock valued at $342,000 after buying an additional 57 shares during the last quarter. Beacon Financial Advisory LLC grew its position in shares of Take-Two Interactive Software by 3.7% in the 2nd 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 during the last quarter. Finally, Trust Asset Management LLC increased its stake 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 during the period. 95.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTWO has been the subject of a number of analyst reports. BTIG Research raised their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Zacks Research downgraded shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Benchmark restated a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Wells Fargo & Company boosted their price target on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $296.95.

Take-Two Interactive Software Stock Down 0.6%

Shares of NASDAQ:TTWO opened at $210.62 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. 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 business's 50-day moving average is $233.15 and its 200-day moving average is $224.24. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of -121.74, a P/E/G ratio of 1.47 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) 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 analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned ($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 predict that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 744 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the sale, the insider directly owned 112,327 shares in the company, valued at $24,378,328.81. This trade represents a 0.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director LaVerne Srinivasan sold 362 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the completion of the sale, the director owned 8,357 shares of the company's stock, valued at approximately $2,047,548.57. This represents a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 43,652 shares of company stock valued at $10,947,380. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga's casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.

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