Take-Two Interactive Software, Inc. $TTWO Stock Position Increased by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Take-Two stake by 30.1% in the second quarter, bringing its holdings to 26,050 shares worth approximately $6.5 million. Institutional investors collectively own 95.46% of the company.
• Take-Two reported quarterly revenue of $1.53 billion, above estimates of $1.36 billion, but its adjusted loss of $0.18 per share missed expectations for earnings of $0.33 per share. Revenue declined 2.1% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $296.95, versus a recent share price of $202.98. Meanwhile, insiders sold 43,152 shares worth $10.8 million during the last quarter.

QRG Capital Management Inc. raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 30.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,050 shares of the company's stock after purchasing an additional 6,029 shares during the period. QRG Capital Management Inc.'s holdings in Take-Two Interactive Software were worth $6,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in Take-Two Interactive Software by 24.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,634 shares of the company's stock worth $1,658,000 after acquiring an additional 1,302 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Take-Two Interactive Software by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,198 shares of the company's stock valued at $60,045,000 after acquiring an additional 11,949 shares during the last quarter. Silicon Valley Capital Partners bought a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at approximately $25,000. Sequoia Financial Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 18.6% in the second quarter. Sequoia Financial Advisors LLC now owns 5,735 shares of the company's stock valued at $1,434,000 after purchasing an additional 901 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Take-Two Interactive Software by 8.6% in the second quarter. MCF Advisors LLC now owns 1,086 shares of the company's stock valued at $271,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $202.98 on Friday. The company has a market cap of $37.95 billion, a P/E ratio of -117.33, a P/E/G ratio of 1.43 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. The business's 50 day moving average price is $229.60 and its 200-day moving average price is $223.96. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($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. Sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTWO. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price target on the stock. Bank of America increased their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Roth Capital lifted their price objective on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Piper Sandler restated an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Finally, Oppenheimer restated an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Take-Two Interactive Software has an average rating of "Moderate Buy" and a consensus target price of $296.95.

Insiders Place Their Bets

In other news, Director LaVerne Srinivasan sold 362 shares of the firm's stock in a transaction dated 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. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen Siminoff sold 334 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $219.53, for a total transaction of $73,323.02. Following the completion of the sale, the director owned 1,499 shares of the company's stock, valued at $329,075.47. This trade represents a 18.22% 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. In the last quarter, insiders have sold 43,152 shares of company stock valued at $10,825,075. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Profile

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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