Deepwater Asset Management LLC Invests $7.98 Million in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Deepwater Asset Management initiated a $7.98 million position in Take-Two Interactive, purchasing 31,925 shares and making TTWO its ninth-largest holding at 3.6% of its portfolio. Institutional investors collectively own 95.46% of the stock.
• Insiders sold 610,759 shares worth approximately $138.7 million over the past 90 days, including a $4.63 million sale by Daniel P. Emerson under a Rule 10b5-1 plan to cover tax obligations.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $296.95 price target, despite Take-Two’s latest quarterly EPS missing estimates; quarterly revenue of $1.53 billion exceeded expectations.

Deepwater Asset Management LLC bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,925 shares of the company's stock, valued at approximately $7,981,000. Take-Two Interactive Software accounts for approximately 3.6% of Deepwater Asset Management LLC's portfolio, making the stock its 9th biggest position.

Other large investors have also made changes to their positions in the company. First Horizon Corp increased its position in shares of Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company's stock valued at $56,000 after purchasing an additional 46 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 3.6% during the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company's stock worth $269,000 after acquiring an additional 48 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its stake in shares of 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 acquiring an additional 52 shares during the last quarter. Huntington National Bank grew its position in shares of Take-Two Interactive Software by 4.5% during the 4th quarter. Huntington National Bank now owns 1,335 shares of the company's stock valued at $342,000 after acquiring an additional 57 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Take-Two Interactive Software by 12.4% in the 4th quarter. UMB Bank n.a. now owns 535 shares of the company's stock worth $137,000 after purchasing an additional 59 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Michael Dornemann sold 1,151 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the sale, the insider directly owned 131,668 shares in the company, valued at approximately $28,915,609.48. The trade was a 13.81% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 610,759 shares of company stock valued at $138,737,789. 1.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on TTWO. Oppenheimer upped their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. UBS Group reiterated a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Robert W. Baird increased their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, August 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $296.95.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $242.40 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The business has a 50-day moving average price of $240.32 and a 200-day moving average price of $221.50. The firm has a market cap of $45.32 billion, a price-to-earnings ratio of -140.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. 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. As a group, equities research analysts predict that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Take-Two Interactive Software Company Profile

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.

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