Take-Two Interactive Software, Inc. $TTWO Shares Sold by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC reduced its stake in Take-Two Interactive Software by 5.4% during the second quarter, holding now 21,987 shares worth approximately $5.34 million.
• Institutional investors collectively own 95.46% of Take-Two's stock, with significant adjustments from firms like Central Pacific Bank Trust Division which increased its holdings by 34.2%.
• Take-Two's stock market performance has been robust, reporting a 16.4% year-over-year revenue increase and outperforming EPS estimates in its latest quarterly results.

Parallel Advisors LLC cut its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,987 shares of the company's stock after selling 1,255 shares during the period. Parallel Advisors LLC's holdings in Take-Two Interactive Software were worth $5,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at $28,000. 1 North Wealth Services LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $29,000. Game Plan Financial Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $31,000. North Capital Inc. acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $35,000. Finally, Graybill Wealth Management LTD. acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $37,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Laverne Evans Srinivasan sold 2,325 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $528,867.75. Following the completion of the sale, the director owned 9,063 shares in the company, valued at approximately $2,061,560.61. This trade represents a 20.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel P. Emerson sold 22,479 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the completion of the sale, the insider owned 129,792 shares of the company's stock, valued at $29,523,786.24. This trade represents a 14.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,825 shares of company stock worth $32,532,671. 1.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Zacks Research upgraded shares of Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Benchmark upped their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 8th. Bank of America increased their price target on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company began coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They set an "overweight" rating and a $265.00 price target for the company. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.32.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded up $2.79 during trading hours on Wednesday, reaching $250.52. 1,690,034 shares of the company's stock were exchanged, compared to its average volume of 1,211,805. The firm has a market capitalization of $46.21 billion, a price-to-earnings ratio of -10.46, a P/E/G ratio of 5.24 and a beta of 1.00. The company has a 50-day moving average of $233.40 and a 200 day moving average of $226.14. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a 1-year low of $146.76 and a 1-year high of $251.20.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.61 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 during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the business earned ($1.52) EPS. The business's revenue was up 16.4% on a year-over-year basis. 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. Research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Take-Two Interactive Software Profile

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.