Lotus Technology Management LP Invests $3.19 Million in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Lotus Technology Management LP bought 12,756 Take-Two shares worth approximately $3.19 million, making TTWO its fifth-largest portfolio holding at 3.9%. Institutional investors collectively own 95.46% of the company.
• Analysts remain broadly bullish, with 19 Buy and two Strong Buy ratings versus one Sell rating. The consensus price target is $296.95, including Bank of America’s raised target of $368.
• Take-Two reported quarterly revenue of $1.53 billion, beating estimates, but missed earnings expectations with a loss of $0.18 per share; revenue declined 2.1% year over year. The stock opened at $232.93, while insiders have sold more than $123 million of shares over the past 90 days.

Lotus Technology Management LP bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,756 shares of the company's stock, valued at approximately $3,189,000. Take-Two Interactive Software accounts for about 3.9% of Lotus Technology Management LP's portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. Mosley Wealth Management raised its stake in shares of Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock worth $27,000 after buying an additional 80 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $32,000. Essential Partners LLC lifted its position in shares of Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company's stock valued at $33,000 after buying an additional 130 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Take-Two Interactive Software during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on TTWO. Bank of America boosted their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Wedbush reiterated an "outperform" rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Piper Sandler reissued an "overweight" rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, Wells Fargo & Company upped their price target on shares of 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 investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $296.95.

Take-Two Interactive Software Stock Down 0.2%

TTWO stock opened at $232.93 on Wednesday. The company has a market cap of $43.55 billion, a price-to-earnings ratio of -134.64, a PEG ratio of 1.55 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The firm has a 50-day moving average of $242.37 and a two-hundred day moving average of $222.13.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted ($0.07) EPS. Take-Two Interactive Software's revenue for the quarter 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, analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laverne Evans Srinivasan sold 362 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the transaction, the director directly owned 8,357 shares in the company, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 540,759 shares of company stock worth $123,183,789. 1.12% of the stock is currently owned by company insiders.

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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