Deepwater Asset Management LLC Decreases Stake in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Deepwater Asset Management LLC reduced its stake in Take-Two Interactive Software by 26.2%, leaving it with 7,364 shares valued at approximately $1.53 million.
• Take-Two reported a better-than-expected earnings of $0.61 per share for the last quarter, significantly above analysts' estimates of $0.28, with a revenue of $1.5 billion.
• According to recent analyst forecasts, Take-Two has a consensus average rating of "Moderate Buy" with an average price target of $245.60.

Deepwater Asset Management LLC lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,364 shares of the company's stock after selling 2,611 shares during the quarter. Take-Two Interactive Software accounts for about 0.6% of Deepwater Asset Management LLC's holdings, making the stock its 20th biggest holding. Deepwater Asset Management LLC's holdings in Take-Two Interactive Software were worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Take-Two Interactive Software by 2.6% during the first quarter. Vanguard Group Inc. now owns 19,865,489 shares of the company's stock worth $4,117,123,000 after acquiring an additional 506,026 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Take-Two Interactive Software by 1.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock valued at $1,110,510,000 after buying an additional 89,093 shares during the last quarter. Capital International Investors increased its position in shares of Take-Two Interactive Software by 9.5% in the 4th quarter. Capital International Investors now owns 4,883,746 shares of the company's stock worth $899,036,000 after purchasing an additional 424,893 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Take-Two Interactive Software by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock valued at $878,567,000 after purchasing an additional 13,555 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Take-Two Interactive Software by 6.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company's stock worth $833,470,000 after purchasing an additional 287,194 shares during the period. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 27,056 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $225.22, for a total value of $6,093,552.32. Following the transaction, the insider owned 152,271 shares in the company, valued at approximately $34,294,474.62. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jon J. Moses sold 1,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $231.33, for a total transaction of $231,330.00. Following the completion of the sale, the director 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 disclosure for this sale can be found here. Insiders have sold a total of 461,990 shares of company stock worth $104,292,000 over the last ninety days. 1.34% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock traded down $4.19 during trading hours on Tuesday, hitting $228.36. 1,360,486 shares of the company's stock traded hands, compared to its average volume of 2,034,904. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty day simple moving average of $233.66 and a 200-day simple moving average of $221.36. Take-Two Interactive Software, Inc. has a 12-month low of $146.76 and a 12-month high of $245.07. The stock has a market capitalization of $42.13 billion, a price-to-earnings ratio of -9.54, a PEG ratio of 5.84 and a beta of 0.99.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1,503,800 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned ($1.52) EPS. The firm's revenue was up 16.4% compared to the same quarter last year. 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. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TTWO shares. DA Davidson lifted their price target on Take-Two Interactive Software from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wells Fargo & Company started coverage on shares of Take-Two Interactive Software in a research note on Monday, July 28th. They issued an "overweight" rating and a $265.00 target price for the company. Raymond James Financial boosted their target price on Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wedbush increased their target price on Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Bank of America increased their target price on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $245.60.

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.