Sit Investment Associates Inc. Grows Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Sit Investment Associates Inc. increased its position in Take-Two Interactive Software by 135.3%, owning 23,747 shares valued at approximately $4.92 million after acquiring an additional 13,655 shares in Q1.
• Several institutional investors have significantly increased their stakes in Take-Two, with E Fund Management Co. Ltd. raising its holdings by nearly 99.4% to 4,914 shares valued at $1.02 million.
• Take-Two's recent earnings report showed a profit of $0.61 per share, exceeding expectations and marking a revenue increase of 16.4% year-over-year.

Sit Investment Associates Inc. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 135.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 23,747 shares of the company's stock after acquiring an additional 13,655 shares during the period. Sit Investment Associates Inc.'s holdings in Take-Two Interactive Software were worth $4,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TTWO. Nuveen LLC bought a new stake in Take-Two Interactive Software during the 1st quarter valued at $288,410,000. GAMMA Investing LLC grew its stake in Take-Two Interactive Software by 27,563.6% during the 1st quarter. GAMMA Investing LLC now owns 693,251 shares of the company's stock worth $143,676,000 after buying an additional 690,745 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in Take-Two Interactive Software by 74.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,347,150 shares of the company's stock valued at $247,983,000 after purchasing an additional 574,326 shares during the last quarter. Vanguard Group Inc. grew its stake in Take-Two Interactive Software by 2.6% during 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 during the last quarter. Finally, Capital International Investors grew its stake in Take-Two Interactive Software by 9.5% during the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock valued at $899,036,000 after purchasing an additional 424,893 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTWO. Wall Street Zen cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Raymond James Financial boosted their price objective on Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, August 8th. UBS Group boosted their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a report on Friday, August 8th. Zacks Research raised Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Benchmark boosted their price objective on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of "Moderate Buy" and an average target price of $245.60.

Insiders Place Their Bets

In other news, Director Jon J. Moses sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $231.33, for a total value of $231,330.00. Following the completion of the sale, the director directly owned 22,901 shares in the company, valued at $5,297,688.33. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen F. Siminoff sold 414 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $237.80, for a total value of $98,449.20. Following the completion of the sale, the director owned 3,290 shares of the company's stock, valued at $782,362. This trade represents a 11.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 461,990 shares of company stock valued at $104,292,000. Insiders own 1.34% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded down $4.3250 during mid-day trading on Tuesday, reaching $228.2250. 721,775 shares of the stock traded hands, compared to its average volume of 2,033,787. The business has a 50-day moving average of $233.66 and a 200 day moving average of $221.36. Take-Two Interactive Software, Inc. has a fifty-two week low of $146.76 and a fifty-two week high of $245.07. The stock has a market capitalization of $42.10 billion, a PE ratio of -9.54, a PEG ratio of 5.84 and a beta of 0.99. 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 (NASDAQ:TTWO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. The business had revenue of $1,503,800 billion during the quarter, compared to analysts' expectations of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The business's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.52) earnings per share. 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. On average, analysts predict 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.