Dockside LLC Makes New $3.77 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Dockside LLC acquired 15,070 Take-Two shares worth approximately $3.77 million during the second quarter.
• Institutional investors own 95.46% of TTWO, while several major firms—including Vanguard, State Street and Geode—recently increased their positions.
• Analysts maintain a consensus “Buy” rating with an average price target of $296.95, despite Take-Two missing quarterly EPS estimates; revenue of $1.53 billion exceeded expectations.

Dockside LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,070 shares of the company's stock, valued at approximately $3,767,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TTWO. Vanguard Group Inc. increased its holdings in Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock worth $5,598,914,000 after purchasing an additional 166,661 shares during the period. State Street Corp lifted its holdings in shares of Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company's stock worth $2,919,362,000 after buying an additional 390,331 shares during the period. Geode Capital Management LLC grew its position in shares of Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company's stock worth $1,242,204,000 after buying an additional 60,893 shares in the last quarter. Invesco Ltd. grew its holdings in Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company's stock worth $739,707,000 after acquiring an additional 16,758 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. Institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Roth Capital raised their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Wells Fargo & Company lifted their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday. Oppenheimer upped their target price on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $296.95.

Insider Buying and Selling

In other news, Director Michael Dornemann sold 1,151 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares of the company's stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 40,000 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The SEC filing for this sale provides additional information. Insiders sold 609,936 shares of company stock valued at $138,537,038 in the last 90 days. 1.12% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $246.95 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The company has a market cap of $46.17 billion, a PE ratio of -142.74, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97. The company's 50 day moving average is $239.13 and its 200 day moving average is $221.70.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 4.79% and a positive return on equity of 12.25%. The business's revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. 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. On average, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current year.

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.

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