Mitsubishi UFJ Asset Management Co. Ltd. Takes $111.07 Million Position in Take-Two Interactive Software, Inc. $TTWO

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 444,327 shares of the company's stock, valued at approximately $111,073,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of Take-Two Interactive Software at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth $25,000. Mosley Wealth Management raised its stake in shares of Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company's stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $34,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at about $34,000. Finally, Reflection Asset Management acquired a new stake in Take-Two Interactive Software in the fourth quarter worth about $40,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TTWO. Bank of America increased their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. assumed coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price target for the company. BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Piper Sandler reiterated an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, DA Davidson reiterated a "buy" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $296.95.

Insider Buying and Selling

In other news, President Karl Slatoff sold 208,969 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider directly owned 131,668 shares of the company's stock, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 610,759 shares of company stock worth $138,737,789 over the last three months. Corporate insiders own 1.12% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $242.40 on Wednesday. The firm's 50 day moving average is $240.32 and its 200-day moving average is $221.50. The stock has a market capitalization of $45.32 billion, a P/E ratio of -140.11, a P/E/G ratio of 1.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

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

Take-Two Interactive Software Company 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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