Take-Two Interactive Software, Inc. $TTWO Shares Sold by Provident Investment Management Inc.

Key Points

• Provident Investment Management cut its Take-Two stake by 44.4% in the third quarter, selling 6,080 shares and retaining 7,620 shares valued at approximately $1.58 million. Institutional investors collectively own 95.46% of TTWO.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $291.68; 22 analysts rate the stock Buy, compared with two Holds and one Sell.
• Take-Two shares opened at $203.69, below their 50-day and 200-day moving averages. The company recently missed quarterly EPS estimates despite revenue exceeding expectations, reporting revenue of $1.53 billion and negative net margin of 4.79%.

Provident Investment Management Inc. reduced its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 44.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,620 shares of the company's stock after selling 6,080 shares during the period. Provident Investment Management Inc.'s holdings in Take-Two Interactive Software were worth $1,581,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC raised its position in Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock valued at $1,134,000 after buying an additional 4,920 shares during the last quarter. Primecap Management Co. CA bought a new position in Take-Two Interactive Software during the 2nd quarter valued at $23,480,000. Corient Private Wealth LP boosted its holdings in Take-Two Interactive Software by 22.4% during the 2nd quarter. Corient Private Wealth LP now owns 30,018 shares of the company's stock worth $7,504,000 after acquiring an additional 5,484 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $37,090,000. Finally, Davis R M Inc. grew its stake in shares of Take-Two Interactive Software by 4.3% in the 1st quarter. Davis R M Inc. now owns 255,075 shares of the company's stock worth $50,377,000 after acquiring an additional 10,593 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 917 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total transaction of $199,585.05. Following the completion of the sale, the insider owned 113,071 shares in the company, valued at approximately $24,609,903.15. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Sheresky sold 484 shares of Take-Two Interactive Software stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $203.69, for a total transaction of $98,585.96. Following the completion of the sale, the director directly owned 66,010 shares in the company, valued at approximately $13,445,576.90. This represents a 0.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 53,636 shares of company stock worth $12,930,991 in the last ninety days. Corporate insiders own 1.12% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTWO. UBS Group set a $310.00 target price on shares of Take-Two Interactive Software in a report on Monday, September 28th. Zacks Research cut shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Raymond James Financial restated a "strong-buy" rating on shares of Take-Two Interactive Software in a report on Wednesday, October 14th. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, September 8th. Twenty-two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $291.68.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $203.69 on Monday. The business's fifty day simple moving average is $214.34 and its 200 day simple moving average is $224.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The firm has a market capitalization of $38.09 billion, a P/E ratio of -117.74, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data 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). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned ($0.07) EPS. The firm's revenue for the quarter 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. As a group, analysts anticipate that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.

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