Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Take-Two stake by 5.2% in the second quarter, adding 11,949 shares to own 240,198 shares valued at approximately $60 million. Institutional investors collectively hold 95.46% of TTWO.
• Take-Two shares opened at $201.44, near the lower end of their 52-week range, after the company reported a quarterly EPS loss of $0.18 that missed estimates, while revenue of $1.53 billion exceeded expectations.
• Insiders sold 43,152 shares worth about $10.8 million during the quarter, including 40,000 shares sold by CEO Strauss Zelnick. Analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $296.95.

Envestnet Asset Management Inc. boosted its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,198 shares of the company's stock after purchasing an additional 11,949 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Take-Two Interactive Software worth $60,045,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TTWO. Mayflower Financial Advisors LLC boosted its stake in Take-Two Interactive Software by 3.6% in the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company's stock valued at $269,000 after purchasing an additional 48 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its stake in shares of Take-Two Interactive Software by 5.7% in the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company's stock valued at $190,000 after acquiring an additional 52 shares in the last quarter. Huntington National Bank grew its stake in shares of Take-Two Interactive Software by 4.5% in the fourth quarter. Huntington National Bank now owns 1,335 shares of the company's stock valued at $342,000 after acquiring an additional 57 shares in the last quarter. Beacon Financial Advisory LLC increased its position in Take-Two Interactive Software by 3.7% during the second quarter. Beacon Financial Advisory LLC now owns 1,697 shares of the company's stock worth $424,000 after acquiring an additional 60 shares during the period. Finally, Trust Asset Management LLC raised its stake in Take-Two Interactive Software by 3.5% in the 2nd quarter. Trust Asset Management LLC now owns 1,881 shares of the company's stock worth $470,000 after purchasing an additional 63 shares in the last quarter. 95.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director LaVerne Srinivasan sold 362 shares of the business'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 sale, the director owned 8,357 shares of the company's stock, valued at $2,047,548.57. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,152 shares of company stock valued at $10,825,075 over the last quarter. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Down 0.8%

Shares of TTWO opened at $201.44 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The stock has a market capitalization of $37.67 billion, a price-to-earnings ratio of -116.44, a PEG ratio of 1.40 and a beta of 0.97. The stock has a fifty day moving average of $228.90 and a 200-day moving average of $223.80.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company'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. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTWO. Weiss Ratings reissued a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. UBS Group reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. BTIG Research lifted their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Robert W. Baird boosted their price target on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Finally, Roth Capital increased their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $296.95.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga's casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.

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