Take-Two Interactive Software, Inc. $TTWO Shares Sold by State Street Corp

Key Points

• State Street reduced its Take-Two stake by 9.4% in the second quarter, selling 1.13 million shares and retaining approximately 10.89 million shares worth $2.72 billion. Institutional investors collectively own 95.46% of TTWO.
• Take-Two shares opened at $205.53, below their 50-day and 200-day moving averages, while the company reported a quarterly EPS loss of $0.18 despite revenue of $1.53 billion, which exceeded analyst expectations.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $296.95. However, insiders sold more than 43,000 shares worth approximately $10.8 million over the past 90 days.

State Street Corp trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 9.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,889,975 shares of the company's stock after selling 1,130,648 shares during the period. State Street Corp owned approximately 5.82% of Take-Two Interactive Software worth $2,722,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Silicon Valley Capital Partners purchased a new stake in Take-Two Interactive Software during the 2nd quarter worth about $25,000. Sequoia Financial Advisors LLC increased its stake in shares of Take-Two Interactive Software by 18.6% during the second quarter. Sequoia Financial Advisors LLC now owns 5,735 shares of the company's stock worth $1,434,000 after buying an additional 901 shares during the period. MCF Advisors LLC increased its stake in shares of Take-Two Interactive Software by 8.6% during the second quarter. MCF Advisors LLC now owns 1,086 shares of the company's stock worth $271,000 after buying an additional 86 shares during the period. National Pension Service raised its holdings in Take-Two Interactive Software by 10.0% in the second quarter. National Pension Service now owns 321,495 shares of the company's stock valued at $80,367,000 after acquiring an additional 29,189 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Take-Two Interactive Software by 2,526.5% in the second quarter. WINTON GROUP Ltd now owns 58,676 shares of the company's stock worth $14,668,000 after acquiring an additional 56,442 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

TTWO stock opened at $205.53 on Wednesday. The stock's 50 day moving average price is $231.08 and its 200 day moving average price is $224.06. The firm has a market cap of $38.43 billion, a P/E ratio of -118.80, a PEG ratio of 1.46 and a beta of 0.97. 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 1 year low of $187.63 and a 1 year high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. 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, sell-side analysts expect 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 brokerages recently issued reports on TTWO. Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. Benchmark restated a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Robert W. Baird upped their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Oppenheimer reaffirmed an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 8th. Finally, UBS Group reiterated a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average target price of $296.95.

Insider Activity at Take-Two Interactive Software

In related news, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software 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 completion of the sale, the director owned 8,357 shares in the company, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Sheresky sold 127 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $31,116.27. Following the completion of the transaction, the director owned 65,368 shares of the company's stock, valued at approximately $16,015,813.68. The trade was a 0.19% 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 ninety days, insiders sold 43,152 shares of company stock valued at $10,825,075. 1.12% of the stock is currently owned by insiders.

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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