Focus Partners Advisor Solutions LLC Acquires New Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Focus Partners Advisor Solutions acquired 6,478 shares of Take-Two Interactive Software worth approximately $1.62 million during the second quarter. Institutional investors collectively own 95.46% of the company.
• Analysts remain broadly bullish, with 21 of 22 covering analysts rating the stock Buy or Strong Buy. The average price target is $296.95, with BTIG Research raising its target to $313.
• Take-Two reported quarterly revenue of $1.53 billion, ahead of estimates, but missed EPS expectations and posted a 2.1% year-over-year revenue decline. Insiders sold approximately $138.5 million worth of shares over the past three months.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,478 shares of the company's stock, valued at approximately $1,619,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Take-Two Interactive Software by 597.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock worth $1,134,000 after acquiring an additional 4,920 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Take-Two Interactive Software by 45.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company's stock valued at $11,489,000 after purchasing an additional 14,050 shares during the period. Fiera Capital Corp lifted its holdings in Take-Two Interactive Software by 33.9% during the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company's stock worth $16,489,000 after purchasing an additional 16,314 shares in the last quarter. Swedbank AB boosted its stake in Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company's stock worth $34,471,000 after purchasing an additional 9,556 shares during the period. Finally, Davis R M Inc. boosted its stake in Take-Two Interactive Software by 4.3% in the 1st quarter. Davis R M Inc. now owns 255,075 shares of the company's stock worth $50,377,000 after purchasing an additional 10,593 shares during the period. Institutional investors own 95.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TTWO shares. Piper Sandler reiterated an "overweight" rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Zacks Research upgraded shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Oppenheimer boosted their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, BTIG Research increased their target price on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $296.95.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $246.95 on Friday. The stock's 50-day simple moving average is $239.13 and its two-hundred day simple moving average is $221.70. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm has a market capitalization of $46.17 billion, a P/E ratio of -142.74, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a quick ratio of 1.24, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

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

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 4,419 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $230.00, for a total value of $1,016,370.00. Following the transaction, the insider owned 113,988 shares of the company's stock, valued at $26,217,240. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the firm's stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 609,936 shares of company stock valued at $138,537,038 over the last three months. Corporate insiders own 1.12% of the company's stock.

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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