Take-Two Interactive Software, Inc. $TTWO is First Manhattan CO. LLC.'s 10th Largest Position

Key Points

• First Manhattan CO. LLC. has increased its stake in Take-Two Interactive Software by 6.5%, making it the firm's 10th largest investment at approximately $496.9 million.
• Take-Two reported $1.50 billion in revenue for the last quarter, surpassing analysts' expectations, with earnings per share reaching $0.61.
• Major institutional investors have been active in Take-Two, with 95.46% of the stock currently owned by such investors, showcasing strong interest in the company.

First Manhattan CO. LLC. increased its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,397,679 shares of the company's stock after buying an additional 147,077 shares during the quarter. Take-Two Interactive Software accounts for about 1.4% of First Manhattan CO. LLC.'s holdings, making the stock its 10th biggest holding. First Manhattan CO. LLC. owned approximately 1.36% of Take-Two Interactive Software worth $496,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Paloma Partners Management Co increased its holdings in Take-Two Interactive Software by 45.9% in the 1st quarter. Paloma Partners Management Co now owns 6,000 shares of the company's stock worth $1,244,000 after purchasing an additional 1,887 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in Take-Two Interactive Software in the 1st quarter worth about $250,000. Royal Bank of Canada increased its holdings in Take-Two Interactive Software by 18.9% in the 1st quarter. Royal Bank of Canada now owns 754,848 shares of the company's stock worth $156,443,000 after purchasing an additional 120,220 shares in the last quarter. Benchstone Capital Management LP increased its holdings in Take-Two Interactive Software by 14.9% in the 1st quarter. Benchstone Capital Management LP now owns 151,169 shares of the company's stock worth $31,330,000 after purchasing an additional 19,627 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Take-Two Interactive Software in the 1st quarter worth about $580,000. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTWO. Benchmark increased their price target on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Zacks Research upgraded Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. UBS Group increased their price target on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen lowered Take-Two Interactive Software from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird increased their price target on Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.32.

Take-Two Interactive Software Stock Performance

Shares of TTWO traded down $0.97 on Friday, reaching $239.68. 979,288 shares of the company's stock traded hands, compared to its average volume of 1,981,106. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The stock has a market cap of $44.21 billion, a PE ratio of -10.01, a PEG ratio of 6.01 and a beta of 1.00. The stock's 50 day simple moving average is $232.44 and its two-hundred day simple moving average is $224.00. Take-Two Interactive Software, Inc. has a 52-week low of $146.76 and a 52-week high of $245.07.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.33. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted ($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 forecast that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Strauss Zelnick sold 20,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $230.69, for a total value of $4,613,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel P. Emerson sold 22,479 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the transaction, the insider owned 129,792 shares in the company, valued at approximately $29,523,786.24. This represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,411 shares of company stock valued at $32,430,724. 1.34% of the stock is owned by insiders.

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.