Take-Two Interactive Software, Inc. $TTWO Stock Sold by Park National Corp OH

Key Points

• Park National Corp OH reduced its Take-Two stake by 6.4% in the third quarter, selling 5,599 shares and retaining 81,236 shares valued at approximately $16.9 million. Institutional investors collectively own 95.46% of TTWO.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $298.89, despite one downgrade to “hold” and one “sell” rating.
• Take-Two shares recently traded at $201.94, below their 50-day and 200-day moving averages. The company missed quarterly EPS estimates, although revenue of $1.53 billion exceeded expectations; insiders sold $12.8 million of stock over the past 90 days.

Park National Corp OH lessened its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,236 shares of the company's stock after selling 5,599 shares during the period. Park National Corp OH's holdings in Take-Two Interactive Software were worth $16,856,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC acquired a new position in Take-Two Interactive Software in the 3rd quarter valued at $28,000. QRG Capital Management Inc. lifted its position in Take-Two Interactive Software by 30.1% during the second quarter. QRG Capital Management Inc. now owns 26,050 shares of the company's stock worth $6,512,000 after buying an additional 6,029 shares during the period. Envestnet Portfolio Solutions Inc. boosted 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 buying an additional 1,302 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Take-Two Interactive Software by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 240,198 shares of the company's stock valued at $60,045,000 after buying an additional 11,949 shares during the period. Finally, Silicon Valley Capital Partners acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTWO shares. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Zacks Research downgraded Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Bank of America boosted their price target on 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. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $298.89.

Take-Two Interactive Software Stock Down 0.4%

Shares of TTWO traded down $0.79 during mid-day trading on Monday, reaching $201.94. 741,449 shares of the stock traded hands, compared to its average volume of 2,324,078. The stock has a fifty day simple moving average of $225.87 and a 200 day simple moving average of $223.67. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $37.76 billion, a price-to-earnings ratio of -116.75, a P/E/G ratio of 1.41 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the firm earned ($0.07) EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. 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 expect that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director LaVerne Srinivasan sold 362 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the transaction, the director directly owned 8,357 shares in the company, valued at $2,047,548.57. This represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ellen F. Siminoff sold 334 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were 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 in the company, valued at approximately $329,075.47. This trade represents a 18.22% 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 90 days, insiders sold 52,818 shares of company stock worth $12,764,630. 1.12% of the stock is currently owned by insiders.

Take-Two Interactive Software Profile

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

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier's Civilization and other sports, action, strategy and role-playing titles.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.