SeaTown Holdings Pte. Ltd. Buys 24,250 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• SeaTown Holdings increased its Take-Two stake by 61.6% in the second quarter, buying 24,250 shares to reach 63,600 shares valued at approximately $15.9 million. Institutional investors collectively own 95.46% of TTWO.
• Take-Two insiders have sold 609,936 shares worth about $138.5 million over the past 90 days, including CEO Strauss Zelnick’s sale of 208,969 shares under a pre-arranged Rule 10b5-1 plan.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $296.95 versus the reported share price of $241.91. However, the company missed quarterly EPS estimates despite revenue of $1.53 billion exceeding expectations.

SeaTown Holdings Pte. Ltd. boosted its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 61.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,600 shares of the company's stock after purchasing an additional 24,250 shares during the quarter. Take-Two Interactive Software comprises 9.6% of SeaTown Holdings Pte. Ltd.'s portfolio, making the stock its 3rd largest position. SeaTown Holdings Pte. Ltd.'s holdings in Take-Two Interactive Software were worth $15,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $425,000. Empowered Funds LLC increased its holdings in shares of Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company's stock worth $688,000 after buying an additional 388 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock worth $63,000 after buying an additional 165 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter worth $2,747,000. Finally, Jump Financial LLC boosted its holdings in Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company's stock valued at $1,728,000 after acquiring an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity

In other news, insider Daniel P. Emerson sold 21,102 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the transaction, the insider directly owned 131,668 shares in the company, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Strauss Zelnick sold 208,969 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the chief executive officer directly owned 1,006,021 shares of the company's stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 609,936 shares of company stock valued at $138,537,038 over the last ninety days. 1.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of research reports. Benchmark reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Wells Fargo & Company boosted their target price on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday. Roth Capital increased their target price on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Two 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. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $296.95.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $241.91 on Friday. The business's 50-day simple moving average is $238.48 and its 200 day simple moving average is $221.53. The company has a market cap of $45.23 billion, a P/E ratio of -139.83, a PEG ratio of 1.68 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 1.06. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. The firm's revenue was down 2.1% compared to the same quarter last year. 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, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

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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