Raymond James Financial Inc. Decreases Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Raymond James Financial Inc. has reduced its stake in Take-Two Interactive Software by 9.2%, selling 57,724 shares during the first quarter, bringing its total ownership to 567,727 shares valued at approximately $117.66 million.
• Despite insider selling activity, including significant sales by CEO Strauss Zelnick, Take-Two Interactive's stock holds a Moderate Buy rating from analysts with a consensus price target of $245.60.
• The company's recent quarterly earnings report showed an EPS of $0.61, surpassing estimates, alongside a 16.4% revenue increase year-over-year, highlighting a strong performance in a challenging market.

Raymond James Financial Inc. trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 567,727 shares of the company's stock after selling 57,724 shares during the period. Raymond James Financial Inc. owned approximately 0.32% of Take-Two Interactive Software worth $117,662,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTWO. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 506,026 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Take-Two Interactive Software by 1.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,358,309 shares of the company's stock worth $1,110,510,000 after purchasing an additional 89,093 shares during the period. Ameriprise Financial Inc. raised its position in shares of Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company's stock worth $878,567,000 after purchasing an additional 13,555 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Take-Two Interactive Software by 6.8% during 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. Finally, Invesco Ltd. raised its position in Take-Two Interactive Software by 11.0% in the 1st quarter. Invesco Ltd. now owns 2,975,192 shares of the company's stock valued at $616,609,000 after buying an additional 294,378 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other news, CEO Strauss Zelnick sold 216,661 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the transaction, the chief executive officer owned 1,206,427 shares of the company's stock, valued at $272,350,895.25. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Laverne Evans Srinivasan sold 2,325 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $227.47, for a total value of $528,867.75. Following the completion of the transaction, the director directly owned 9,063 shares of the company's stock, valued at approximately $2,061,560.61. This trade represents a 20.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 535,789 shares of company stock valued at $121,089,348. 1.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 8th. 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 report on Friday, August 8th. Wedbush increased their price target on Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Zacks Research raised Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Bank of America increased their price target on Take-Two Interactive Software from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Nineteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.60.

Take-Two Interactive Software Trading Up 0.5%

Shares of TTWO stock traded up $1.16 during trading hours on Friday, reaching $229.03. The company's stock had a trading volume of 1,089,234 shares, compared to its average volume of 2,020,897. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. Take-Two Interactive Software, Inc. has a one year low of $146.76 and a one year high of $245.07. The stock has a market capitalization of $42.25 billion, a P/E ratio of -9.57, a P/E/G ratio of 5.75 and a beta of 0.99. The firm's fifty day simple moving average is $233.27 and its 200 day simple moving average is $221.75.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating 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 company had revenue of $1,503,800 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted ($1.52) earnings per share. The firm's revenue was up 16.4% on a year-over-year basis. 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 expect that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

About Take-Two Interactive Software

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.