Groupe la Francaise Boosts Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Groupe la Francaise increased its Take-Two stake by 63.8% in the second quarter, bringing its holdings to 14,713 shares valued at approximately $3.6 million. Hedge funds and other institutional investors collectively own 95.46% of the company.
• Analysts remain broadly positive, with an average rating of “Moderate Buy” and an average price target of $296.95; several firms recently raised or maintained targets near $300 or higher.
• Take-Two exceeded revenue expectations with $1.53 billion for the quarter but missed earnings estimates, reporting a loss of $0.18 per share. Meanwhile, insiders sold 52,658 shares worth roughly $12.95 million during the last quarter.

Groupe la Francaise raised its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 63.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,713 shares of the company's stock after acquiring an additional 5,730 shares during the period. Groupe la Francaise's holdings in Take-Two Interactive Software were worth $3,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $25,000. Mosley Wealth Management increased its position in Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock valued at $27,000 after buying an additional 80 shares in the last quarter. Washington Trust Advisors Inc. increased its position in Take-Two Interactive Software by 116.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company's stock valued at $30,000 after buying an additional 64 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software in the second quarter valued at about $32,000. Finally, Essential Partners LLC boosted its holdings in Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company's stock worth $33,000 after acquiring an additional 130 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTWO. BTIG Research upped their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research report on Thursday, August 6th. Roth Capital boosted their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, August 10th. DA Davidson restated a "buy" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, UBS Group reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average price target of $296.95.

Insiders Place Their Bets

In other news, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $252.64, for a total transaction of $10,105,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Sheresky sold 127 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $31,116.27. Following the completion of the transaction, the director owned 65,368 shares of the company's stock, valued at approximately $16,015,813.68. This represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 52,658 shares of company stock worth $12,948,552. Corporate insiders own 1.12% of the company's stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $214.69 on Tuesday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. 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 firm has a market cap of $40.14 billion, a price-to-earnings ratio of -124.10, a PEG ratio of 1.43 and a beta of 0.97. The firm's fifty day moving average is $239.35 and its two-hundred day moving average is $223.66.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share 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 company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the previous year, the business posted ($0.07) EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. 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. Research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 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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