Northwestern Mutual Wealth Management Co. Takes Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Northwestern Mutual Wealth Management acquired 242,685 Take-Two Interactive shares worth approximately $60.7 million, joining other institutions that increased their positions. Institutional investors now own 95.46% of TTWO.
• Take-Two reported quarterly revenue of $1.53 billion, ahead of estimates, but missed earnings expectations with a loss of $0.18 per share; revenue declined 2.1% year over year.
• Analyst sentiment remains broadly positive, with an average “Buy” rating and a $296.95 price target versus the stock’s reported $239.62 price, despite insiders selling roughly $138.7 million in shares over the past 90 days.

Northwestern Mutual Wealth Management Co. bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 242,685 shares of the company's stock, valued at approximately $60,667,000. Northwestern Mutual Wealth Management Co. owned 0.13% of Take-Two Interactive Software at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TTWO. Evolve Private Wealth LLC acquired a new stake in Take-Two Interactive Software during the 2nd quarter valued at $365,000. W1M Asset Management Ltd acquired a new position in shares of Take-Two Interactive Software in the second quarter valued at $320,000. Varma Mutual Pension Insurance Co acquired a new position in shares of Take-Two Interactive Software in the second quarter valued at $12,249,000. Westpac Banking Corp bought a new position in shares of Take-Two Interactive Software in the second quarter valued at about $280,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth about $738,000. Institutional investors own 95.46% of the company's stock.

Insider Activity

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $242.34, for a total transaction of $80,941.56. Following the completion of the sale, the director directly owned 1,666 shares in the company, valued at $403,738.44. This represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Sheresky sold 127 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $31,116.27. Following the completion of the sale, the director directly owned 65,368 shares in the company, valued at approximately $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 ninety days, insiders sold 610,759 shares of company stock valued at $138,737,789. Corporate insiders own 1.12% of the company's stock.

Take-Two Interactive Software Stock Down 0.2%

TTWO stock opened at $239.62 on Friday. The company has a market cap of $44.80 billion, a PE ratio of -138.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The business has a 50-day simple moving average of $241.97 and a 200 day simple moving average of $221.75.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its 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). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates 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%. Take-Two Interactive Software's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous 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. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTWO. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. UBS Group restated a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price objective on the stock. Finally, BTIG Research increased their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Two research 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's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $296.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source