Sterling Capital Management LLC Sells 6,430 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Sterling Capital Management reduced its Take-Two Interactive stake by 6.7%, selling 6,430 shares and retaining 89,351 shares valued at approximately $18.54 million. Institutional investors collectively own 95.46% of the company.
• Take-Two shares fell 2.0% to $203.69, while the company’s latest quarterly results missed EPS expectations despite revenue of $1.53 billion. Revenue declined 2.1% year over year, and the company reported a negative net margin.
• Wall Street remains broadly optimistic, with 22 Buy ratings, two Holds and one Sell; the stock carries a “Moderate Buy” consensus rating and an average price target of $291.68.

Sterling Capital Management LLC lowered its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,351 shares of the company's stock after selling 6,430 shares during the period. Sterling Capital Management LLC's holdings in Take-Two Interactive Software were worth $18,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Yousif Capital Management LLC boosted its stake in shares of Take-Two Interactive Software by 0.5% in the third quarter. Yousif Capital Management LLC now owns 16,738 shares of the company's stock worth $3,473,000 after acquiring an additional 83 shares during the last quarter. MBL Wealth LLC increased its position in shares of Take-Two Interactive Software by 123.0% during the third quarter. MBL Wealth LLC now owns 2,308 shares of the company's stock worth $479,000 after purchasing an additional 1,273 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Take-Two Interactive Software during the third quarter worth approximately $157,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $1,404,000. Finally, Eagle Rock Investment Company LLC raised its stake in Take-Two Interactive Software by 13.8% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 42,433 shares of the company's stock valued at $8,805,000 after purchasing an additional 5,160 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Trading Down 2.0%

Shares of TTWO traded down $4.12 during midday trading on Friday, reaching $203.69. The company had a trading volume of 1,562,808 shares, compared to its average volume of 2,348,031. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The stock has a market cap of $38.09 billion, a PE ratio of -117.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. The firm has a 50 day simple moving average of $214.34 and a 200-day simple moving average of $224.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.07) EPS. The firm's revenue was down 2.1% on a year-over-year basis. 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. Research analysts forecast that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TTWO. Oppenheimer restated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, September 8th. UBS Group set a $310.00 target price on shares of Take-Two Interactive Software in a report on Monday, September 28th. DA Davidson reiterated a "buy" rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price objective for the company. Twenty-two 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.68.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director LaVerne Srinivasan sold 362 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $88,693.62. Following the transaction, the director directly owned 8,357 shares in the company, valued at approximately $2,047,548.57. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Gordon sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $202.39, for a total value of $2,023,900.00. Following the completion of the transaction, the director owned 47,187 shares of the company's stock, valued at $9,550,176.93. The trade was a 17.49% 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. Over the last three months, insiders have sold 53,636 shares of company stock worth $12,930,991. Insiders own 1.12% of the company's stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.