NewEdge Advisors LLC Purchases 9,550 Shares of Take-Two Interactive Software, Inc. $TTWO

NewEdge Advisors LLC lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 98.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,233 shares of the company's stock after buying an additional 9,550 shares during the period. NewEdge Advisors LLC's holdings in Take-Two Interactive Software were worth $4,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of Take-Two Interactive Software by 21,833.4% in the 2nd quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company's stock valued at $16,450,993,000 after purchasing an additional 65,509,194 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock worth $1,134,000 after purchasing an additional 4,920 shares during the last quarter. Primecap Management Co. CA acquired a new position in Take-Two Interactive Software during the 2nd quarter valued at approximately $23,480,000. Rockefeller Capital Management L.P. raised its holdings in shares of Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company's stock worth $11,489,000 after buying an additional 14,050 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Take-Two Interactive Software in the second quarter worth $37,090,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insider Activity

In related news, insider Daniel Emerson sold 744 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the transaction, the insider owned 112,327 shares of the company's stock, valued at approximately $24,378,328.81. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Also, Director Michael Sheresky sold 127 shares of Take-Two Interactive Software 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 sale, the director directly owned 65,368 shares in the company, valued at $16,015,813.68. This represents a 0.19% 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 three months, insiders sold 43,318 shares of company stock worth $10,874,057. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $222.91 on Tuesday. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a market cap of $41.68 billion, a PE ratio of -128.85, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97. The business has a 50-day simple moving average of $235.57 and a 200-day simple moving average of $224.22.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced 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). 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 prior year, the business posted ($0.07) earnings per share. The firm's revenue 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. On average, equities analysts expect that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current year.

Wall Street Analyst Weigh In

TTWO has been the topic of several research reports. Piper Sandler reissued an "overweight" rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. UBS Group reiterated a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Zacks Research cut Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. DA Davidson reaffirmed a "buy" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has an average rating of "Moderate Buy" and an average target price of $296.95.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga's casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.

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