OMERS ADMINISTRATION Corp Makes New $2.29 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• OMERS Administration Corp. purchased 9,140 Take-Two shares worth approximately $2.29 million during the second quarter. Institutional investors collectively own 95.46% of TTWO.
• Take-Two’s latest quarterly results missed expectations, reporting a loss of $0.18 per share versus consensus earnings of $0.33, although revenue of $1.53 billion exceeded estimates. Revenue declined 2.1% year over year.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $296.95, despite significant insider selling under pre-arranged Rule 10b5-1 plans.

OMERS ADMINISTRATION Corp bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,140 shares of the company's stock, valued at approximately $2,285,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Osmosis Investment Management UK Ltd bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth $1,257,000. Sanctuary Advisors LLC bought a new position in Take-Two Interactive Software in the second quarter valued at about $1,403,000. Polymer Capital Management HK LTD bought a new position in Take-Two Interactive Software in the second quarter valued at about $5,289,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Take-Two Interactive Software during the second quarter worth about $4,825,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Take-Two Interactive Software during the second quarter worth about $250,000. Institutional investors own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

In other news, President Karl Slatoff sold 208,969 shares of the stock in a transaction dated 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 sale, the president owned 1,006,021 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software 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 chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 540,759 shares of company stock worth $123,183,789 over the last 90 days. Company insiders own 1.12% of the company's stock.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock opened at $232.93 on Wednesday. The business has a 50 day moving average of $242.37 and a 200-day moving average of $222.13. The company has a market capitalization of $43.55 billion, a P/E ratio of -134.64, a P/E/G ratio of 1.55 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. 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 (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business 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%. The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company 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. On average, equities research analysts predict that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTWO. Bank of America raised their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. Oppenheimer raised their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Zacks Research raised shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.

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