State of New Jersey Common Pension Fund D Sells 2,728 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Take-Two Interactive Software by 4.4%, now owning shares worth $12.28 million after selling 2,728 shares in the first quarter.
• Insider trades revealed that CEO Strauss Zelnick sold 216,661 shares for approximately $48.9 million, marking a 15.22% decrease in his ownership of the stock.
• Recent analyst upgrades have raised the price targets for Take-Two Interactive Software, with Bank of America increasing its target to $285, reflecting strong market confidence in the stock.

State of New Jersey Common Pension Fund D trimmed its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,238 shares of the company's stock after selling 2,728 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Take-Two Interactive Software were worth $12,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter worth approximately $28,000. North Capital Inc. acquired a new stake in Take-Two Interactive Software during the 1st quarter worth $35,000. Graybill Wealth Management LTD. bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at $37,000. Zions Bancorporation National Association UT acquired a new position in shares of Take-Two Interactive Software in the 1st quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after purchasing an additional 57 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 1.8%

Shares of NASDAQ:TTWO traded down $4.19 during midday trading on Tuesday, reaching $228.36. 1,366,200 shares of the company were exchanged, compared to its average volume of 1,968,968. The firm has a market cap of $42.13 billion, a PE ratio of -9.54, a P/E/G ratio of 5.85 and a beta of 0.99. 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 fifty day simple moving average of $233.53 and a two-hundred day simple moving average of $221.41. 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 quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.33. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The firm had revenue of $1,503,800 billion for the quarter, compared to the consensus estimate of $1.31 billion. The business's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTWO. JPMorgan Chase & Co. increased their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wells Fargo & Company started coverage on shares of Take-Two Interactive Software in a research report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price target on the stock. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Citigroup upped their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Zacks Research raised shares of Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Nineteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average price target of $245.60.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 1,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $231.33, for a total value of $231,330.00. Following the transaction, the director directly owned 22,901 shares of the company's stock, valued at $5,297,688.33. This trade represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 27,056 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the sale, the insider owned 152,271 shares of the company's stock, valued at $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 461,990 shares of company stock worth $104,292,000 in the last three months. Company insiders own 1.34% of the company's stock.

Take-Two Interactive Software Company 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.