Otter Creek Advisors LLC purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,199 shares of the company's stock, valued at approximately $4,420,000. Take-Two Interactive Software makes up about 3.1% of Otter Creek Advisors LLC's investment portfolio, making the stock its 13th biggest holding.
A number of other large investors have also made changes to their positions in TTWO. Nuveen LLC purchased a new position in shares of Take-Two Interactive Software in the 1st quarter valued at about $288,410,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Take-Two Interactive Software by 425.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,431,310 shares of the company's stock valued at $296,640,000 after purchasing an additional 1,158,783 shares in the last quarter. Contour Asset Management LLC purchased a new position in shares of Take-Two Interactive Software in the 1st quarter valued at about $180,701,000. Assenagon Asset Management S.A. increased its holdings in shares of Take-Two Interactive Software by 107.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,001,531 shares of the company's stock valued at $243,222,000 after purchasing an additional 519,518 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Take-Two Interactive Software by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock valued at $4,117,123,000 after purchasing an additional 506,026 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.
Insider Activity at Take-Two Interactive Software
In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,325 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $528,867.75. Following the sale, the director directly owned 9,063 shares of the company's stock, valued at $2,061,560.61. This trade represents a 20.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ellen F. Siminoff sold 411 shares of the firm's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $259.42, for a total transaction of $106,621.62. Following the sale, the director directly owned 2,860 shares in the company, valued at $741,941.20. This represents a 12.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,822 shares of company stock worth $32,540,844 over the last three months. Company insiders own 1.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on TTWO shares. Wells Fargo & Company increased their price target on shares of Take-Two Interactive Software from $270.00 to $277.00 and gave the company an "overweight" rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a "sell (d)" rating on shares of Take-Two Interactive Software in a report on Wednesday, October 8th. UBS Group increased their price objective on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. CICC Research assumed coverage on shares of Take-Two Interactive Software in a research note on Tuesday, September 30th. They issued an "outperform" rating and a $272.00 price objective on the stock. Finally, DA Davidson increased their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. Nineteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average price target of $252.85.
View Our Latest Analysis on Take-Two Interactive Software
Take-Two Interactive Software Price Performance
Shares of NASDAQ TTWO opened at $261.35 on Friday. The stock has a market cap of $48.21 billion, a price-to-earnings ratio of -10.92, a PEG ratio of 5.50 and a beta of 1.01. Take-Two Interactive Software, Inc. has a 52 week low of $154.13 and a 52 week high of $264.79. The company's 50-day moving average price is $245.13 and its 200 day moving average price is $233.19. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72.
Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the company earned ($1.52) EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Take-Two Interactive Software has set its Q2 2026 guidance at 0.850-0.950 EPS. FY 2026 guidance at 2.600-2.850 EPS. As a group, research analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.
About Take-Two Interactive Software
(
Free Report)
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
See Also
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