Take-Two Interactive Software, Inc. $TTWO Shares Sold by Fred Alger Management LLC

Key Points

• Fred Alger Management LLC has decreased its holdings in Take-Two Interactive by 7.4%, selling 4,979 shares and maintaining 62,498 shares valued at approximately $12.95 million.
• Several hedge funds, including Clarius Group LLC and Mackenzie Financial Corp, have also made significant adjustments to their positions in Take-Two, indicating a high institutional ownership of 95.46%.
• Analysts have set new price targets for Take-Two shares, with upgrades from firms such as DA Davidson and Bank of America, reflecting a consensus outlook of a Moderate Buy rating and an average price target of $248.32.

Fred Alger Management LLC lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,498 shares of the company's stock after selling 4,979 shares during the period. Fred Alger Management LLC's holdings in Take-Two Interactive Software were worth $12,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Take-Two Interactive Software by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock valued at $4,117,123,000 after acquiring an additional 506,026 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Take-Two Interactive Software by 1.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock valued at $1,110,510,000 after acquiring an additional 89,093 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Take-Two Interactive Software by 6.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock valued at $833,470,000 after acquiring an additional 287,194 shares in the last quarter. Invesco Ltd. boosted its stake in Take-Two Interactive Software by 11.0% during the first quarter. Invesco Ltd. now owns 2,975,192 shares of the company's stock worth $616,609,000 after buying an additional 294,378 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its stake in Take-Two Interactive Software by 6.5% during the first quarter. First Manhattan CO. LLC. now owns 2,397,679 shares of the company's stock worth $496,919,000 after buying an additional 147,077 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of recent research reports. UBS Group boosted their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Benchmark increased their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Zacks Research raised shares of Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $248.32.

Take-Two Interactive Software Trading Down 0.1%

Shares of NASDAQ:TTWO traded down $0.28 during mid-day trading on Friday, reaching $246.26. 1,000,578 shares of the company were exchanged, compared to its average volume of 1,960,421. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $45.43 billion, a price-to-earnings ratio of -10.29, a P/E/G ratio of 6.07 and a beta of 1.00. Take-Two Interactive Software, Inc. has a 1 year low of $146.76 and a 1 year high of $250.45. The firm's 50-day simple moving average is $232.88 and its 200 day simple moving average is $225.07.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.33. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.52) EPS. 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. Equities research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 20,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $230.69, for a total value of $4,613,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $528,867.75. Following the completion of the transaction, the director owned 9,063 shares of the company's stock, valued at approximately $2,061,560.61. This trade represents a 20.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,411 shares of company stock worth $32,430,724. 1.34% of the stock is owned by corporate insiders.

About Take-Two Interactive Software

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.