Take-Two Interactive Software, Inc. $TTWO Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors reduced its Take-Two stake by 37.7% in the first quarter, selling 5,850 shares and retaining 9,683 shares valued at approximately $1.91 million. Institutional investors collectively own 95.46% of the company.
• Take-Two insiders sold substantial amounts of stock, including CEO Strauss Zelnick’s sale of 208,969 shares worth approximately $47.5 million. Insiders sold 609,936 shares valued at about $138.5 million over the past 90 days.
• The company’s latest quarterly results missed earnings expectations, reporting a loss of $0.18 per share versus the $0.33 consensus estimate, while revenue of $1.53 billion exceeded forecasts. Analysts remain broadly bullish, with an average “Buy” rating and a $296.95 price target.

NewEdge Advisors LLC lessened its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 37.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,683 shares of the company's stock after selling 5,850 shares during the period. NewEdge Advisors LLC's holdings in Take-Two Interactive Software were worth $1,912,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Take-Two Interactive Software during the first quarter worth $425,000. Empowered Funds LLC boosted its holdings in Take-Two Interactive Software by 13.2% in the first quarter. Empowered Funds LLC now owns 3,322 shares of the company's stock worth $688,000 after purchasing an additional 388 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Take-Two Interactive Software by 118.7% in the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock worth $63,000 after purchasing an additional 165 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Take-Two Interactive Software during the second quarter valued at $2,747,000. Finally, Jump Financial LLC increased its stake in Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company's stock valued at $1,728,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the company's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Strauss Zelnick sold 208,969 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the chief executive officer owned 1,006,021 shares of the company's stock, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 609,936 shares of company stock valued at $138,537,038. Company insiders own 1.12% of the company's stock.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $246.95 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.24. The firm has a market capitalization of $46.17 billion, a PE ratio of -142.74, a P/E/G ratio of 1.70 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The business's fifty day moving average price is $239.13 and its two-hundred day moving average price is $221.70.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted ($0.07) EPS. The business's revenue was down 2.1% compared to the same quarter last year. 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, research analysts expect that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an "overweight" rating and a $310.00 price objective for the company. Zacks Research raised shares of Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Piper Sandler reiterated an "overweight" rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Finally, Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $296.95.

Take-Two Interactive Software Profile

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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