Elevation Point Wealth Partners LLC Purchases New Shares in Take-Two Interactive Software, Inc. $TTWO

Elevation Point Wealth Partners LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,171 shares of the company's stock, valued at approximately $1,293,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock worth $5,598,914,000 after acquiring an additional 166,661 shares during the period. BlackRock Inc. bought a new stake in Take-Two Interactive Software in the 2nd quarter valued at about $4,560,679,000. State Street Corp boosted its holdings in 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 valued at $2,919,362,000 after purchasing 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 purchasing an additional 60,893 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company's stock worth $739,707,000 after purchasing an additional 16,758 shares during the period. Institutional investors own 95.46% of the company's stock.

Insider Activity at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 208,969 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares of the company's stock, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 610,759 shares of company stock worth $138,737,789 over the last three months. 1.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTWO. Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research note on Thursday, August 6th. Piper Sandler reaffirmed an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BTIG Research upped their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the company a "buy" rating in a research report on Monday, August 10th. DA Davidson reissued a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Wells Fargo & Company raised their price target on 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. 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $296.95.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $239.62 on Monday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The stock's fifty day moving average price is $241.97 and its two-hundred day moving average price is $221.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $44.80 billion, a PE ratio of -138.51, a P/E/G ratio of 1.59 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate 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%.Take-Two Interactive Software's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($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. Equities analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Take-Two Interactive Software 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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