DAVENPORT & Co LLC Has $42.82 Million Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• DAVENPORT & Co LLC has reduced its holdings in Take-Two Interactive Software by 4.1%, now owning 176,766 shares worth approximately $42.82 million.
• Several analysts have issued positive ratings on Take-Two, with price targets increasing to as high as $285.00, while the stock currently has a consensus rating of "Moderate Buy."
• CEO Strauss Zelnick sold 45,000 shares of Take-Two, indicating a 13.78% decrease in his ownership, highlighting potential insider selling amidst strong financial performance.

DAVENPORT & Co LLC decreased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 176,766 shares of the company's stock after selling 7,599 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.10% of Take-Two Interactive Software worth $42,816,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TTWO. ORG Partners LLC boosted its holdings in Take-Two Interactive Software by 115.7% in the second quarter. ORG Partners LLC now owns 110 shares of the company's stock valued at $26,000 after acquiring an additional 59 shares during the last quarter. 1 North Wealth Services LLC acquired a new position in Take-Two Interactive Software during the 1st quarter valued at about $29,000. Game Plan Financial Advisors LLC bought a new position in shares of Take-Two Interactive Software in the 1st quarter valued at about $31,000. North Capital Inc. acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter worth approximately $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Take-Two Interactive Software during the 1st quarter worth approximately $37,000. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TTWO. Wells Fargo & Company assumed coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on 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. Citigroup lifted their price objective on Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Bank of America upped their price objective on Take-Two Interactive Software from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, UBS Group increased their target price on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Nineteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.50.

Insider Buying and Selling

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 45,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $231.20, for a total value of $10,404,000.00. Following the completion of the transaction, the chief executive officer directly owned 281,495 shares in the company, valued at $65,081,644. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel P. Emerson sold 22,479 shares of the business's stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders have sold 141,825 shares of company stock worth $32,532,671 over the last three months. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Trading Up 0.3%

NASDAQ:TTWO opened at $257.68 on Monday. The company has a market cap of $47.53 billion, a P/E ratio of -10.76, a price-to-earnings-growth ratio of 5.47 and a beta of 1.01. Take-Two Interactive Software, Inc. has a twelve month low of $147.78 and a twelve month high of $261.47. The business has a 50 day moving average price of $238.32 and a two-hundred day moving average price of $230.32. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.33. The business 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%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.52) earnings per share. 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. As a group, analysts expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

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.

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.