Take-Two Interactive Software, Inc. $TTWO Stock Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Take-Two position by 398.2% in the third quarter, purchasing 9,060 additional shares for a total of 11,335 shares valued at approximately $2.35 million. Institutional investors and hedge funds collectively own 95.46% of the company.
• Analyst sentiment remains favorable, with an average “Moderate Buy” rating and a consensus price target of $298.82; ratings include 18 Buys, one Strong Buy, one Hold and one Sell.
• Take-Two reported quarterly revenue of $1.53 billion, above estimates, but missed earnings expectations with a loss of $0.18 per share. Meanwhile, insiders sold 53,636 shares worth about $12.9 million over the past 90 days.

IFP Advisors Inc lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 398.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,335 shares of the company's stock after purchasing an additional 9,060 shares during the quarter. IFP Advisors Inc's holdings in Take-Two Interactive Software were worth $2,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silicon Valley Capital Partners acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at about $25,000. Mosley Wealth Management grew its stake in shares of Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock valued at $27,000 after buying an additional 80 shares during the period. Washington Trust Advisors Inc. grew its stake in shares of Take-Two Interactive Software by 116.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company's stock valued at $30,000 after buying an additional 64 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $32,000. Finally, Burkett Financial Services LLC acquired a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $28,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTWO has been the topic of several analyst reports. Roth Capital lifted their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Bank of America upped their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Raymond James Financial reiterated a "strong-buy" rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 14th. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price objective for the company. Finally, Wedbush reissued an "outperform" rating and set a $300.00 target price 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, eighteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $298.82.

Take-Two Interactive Software Stock Up 0.9%

Shares of TTWO opened at $206.70 on Wednesday. The firm has a market cap of $38.65 billion, a P/E ratio of -119.48, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The company's 50-day moving average price is $216.62 and its 200 day moving average price is $224.36. 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 (NASDAQ:TTWO - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($0.18) 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 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 company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. 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 forecast that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $202.92, for a total transaction of $67,775.28. Following the completion of the transaction, the director owned 1,332 shares of the company's stock, valued at approximately $270,289.44. This trade represents a 20.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William B. Gordon sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the transaction, the director directly owned 47,187 shares of the company's stock, valued at $9,550,176.93. The trade was a 17.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 53,636 shares of company stock worth $12,930,991. Insiders own 1.12% of the company's stock.

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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