Ninety One UK Ltd Sells 173,291 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Ninety One UK reduced its Take-Two stake by 14.1%, selling 173,291 shares and retaining 1.05 million shares valued at approximately $218.5 million. Institutional investors collectively own 95.46% of the company.
• Take-Two shares rose 4.3% to $209.92, while the company’s latest quarterly results included revenue of $1.53 billion but an EPS loss of $0.18, below analysts’ $0.33 estimate.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $298.89, although insiders have sold more than 53,000 shares worth $12.9 million over the past 90 days.

Ninety One UK Ltd decreased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,053,060 shares of the company's stock after selling 173,291 shares during the quarter. Ninety One UK Ltd owned about 0.56% of Take-Two Interactive Software worth $218,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at approximately $4,560,679,000. Bank of America Corp DE acquired a new position in Take-Two Interactive Software during the second quarter worth $599,405,000. Legal & General Group Plc acquired a new position in Take-Two Interactive Software during the second quarter worth $277,219,000. Bank of New York Mellon Corp acquired a new position in Take-Two Interactive Software during the second quarter worth $234,774,000. Finally, Deutsche Bank AG purchased a new position in shares of Take-Two Interactive Software during the second quarter worth $205,858,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Up 4.3%

TTWO stock traded up $8.69 during mid-day trading on Thursday, reaching $209.92. The company had a trading volume of 1,431,682 shares, compared to its average volume of 2,338,489. The firm has a fifty day simple moving average of $219.76 and a 200 day simple moving average of $224.03. 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 company has a market capitalization of $39.25 billion, a price-to-earnings ratio of -121.21, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. 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 5.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Tuesday, October 6th. Roth Capital lifted their target price on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $298.89.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director William Gordon sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the completion of the sale, the director owned 47,187 shares in the company, valued at $9,550,176.93. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director LaVerne Srinivasan sold 362 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the completion of the transaction, the director directly owned 8,357 shares of the company's stock, valued at $2,047,548.57. This trade represents a 4.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 53,302 shares of company stock worth $12,863,216. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a global video game publisher and developer headquartered in New York City. Founded in 1993, the company creates and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier's Civilization and other sports, action, strategy and role-playing titles.

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