Syntax Research Inc. Reduces Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Syntax Research cut its Take-Two stake by 79.2% in the second quarter, selling 10,365 shares and retaining 2,725 shares valued at approximately $681,000. Institutional investors collectively own 95.46% of the company.
• Analyst sentiment remains broadly positive: 19 analysts rate the stock a Buy, with a consensus price target of $296.95, although one analyst rates it a Sell.
• Take-Two reported quarterly revenue of $1.53 billion, exceeding estimates, but its adjusted loss of $0.18 per share missed expectations. Shares opened at $214.13, while insiders have sold approximately $14.5 million of stock over the past 90 days.

Syntax Research Inc. lowered its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 79.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,725 shares of the company's stock after selling 10,365 shares during the quarter. Syntax Research Inc.'s holdings in Take-Two Interactive Software were worth $681,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter valued at $25,000. Mosley Wealth Management raised its stake in shares of Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock valued at $27,000 after buying an additional 80 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at about $32,000. Essential Partners LLC lifted its holdings in shares of Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company's stock valued at $33,000 after buying an additional 130 shares during the period. Finally, MV Capital Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Capital raised their target price on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Benchmark restated a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BTIG Research raised their price objective on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Oppenheimer lifted their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $296.95.

Take-Two Interactive Software Trading Down 0.9%

Shares of TTWO stock opened at $214.13 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $40.04 billion, a price-to-earnings ratio of -123.77, a PEG ratio of 1.44 and a beta of 0.97. The stock has a 50 day simple moving average of $240.47 and a 200-day simple moving average of $223.37. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-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 (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. 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, equities research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the transaction, the director directly owned 1,666 shares of the company's stock, valued at approximately $403,738.44. This represents a 16.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director LaVerne Srinivasan sold 362 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the completion of the transaction, the director owned 8,357 shares in the company, valued at $2,047,548.57. The trade was a 4.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 59,837 shares of company stock valued at $14,479,256. 1.12% of the stock is owned by corporate insiders.

About Take-Two Interactive Software

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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