Nations Financial Group Inc. IA ADV Acquires Shares of 5,223 Take-Two Interactive Software, Inc. $TTWO

Key Points

• Nations Financial Group acquired 5,223 shares of Take-Two Interactive Software in the second quarter, valued at approximately $1.3 million. Institutional investors collectively own 95.46% of TTWO.
• Analysts remain broadly optimistic, with an average rating of “Buy” and an average price target of $296.95; BTIG raised its target to $313.
• Take-Two reported quarterly revenue of $1.53 billion, exceeding expectations, but posted an adjusted loss of $0.18 per share versus consensus earnings of $0.33. Meanwhile, CEO Strauss Zelnick and President Karl Slatoff each sold 208,969 shares under pre-arranged trading plans.

Nations Financial Group Inc. IA ADV bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,223 shares of the company's stock, valued at approximately $1,306,000.

A number of other large investors have also modified their holdings of the business. LBP AM SA boosted its position in Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company's stock worth $16,542,000 after acquiring an additional 48,384 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock valued at $1,134,000 after acquiring an additional 4,920 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company's stock valued at $11,489,000 after acquiring an additional 14,050 shares during the last quarter. Fiera Capital Corp lifted its stake in Take-Two Interactive Software by 33.9% in 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. Finally, Swedbank AB lifted 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 in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TTWO. BTIG Research boosted their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a report on Monday. Roth Capital lifted their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday. Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday. DA Davidson restated a "buy" rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday. Finally, BMO Capital Markets restated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. 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 company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $296.95.

Insiders Place Their Bets

In related news, President Karl Slatoff sold 208,969 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer directly owned 1,006,021 shares of the company's stock, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 609,936 shares of company stock valued at $138,537,038. 1.12% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $241.91 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.24. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of -139.83, a PEG ratio of 1.68 and a beta of 0.97. The company's 50-day moving average is $238.48 and its two-hundred day moving average is $221.53. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned ($0.07) EPS. 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. Analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current 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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