TimesSquare Capital Management LLC Takes $76.72 Million Position in Take-Two Interactive Software, Inc. $TTWO

TimesSquare Capital Management LLC purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 306,883 shares of the company's stock, valued at approximately $76,715,000. Take-Two Interactive Software makes up approximately 1.1% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 26th biggest position. TimesSquare Capital Management LLC owned about 0.16% of Take-Two Interactive Software as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Take-Two Interactive Software during the second quarter valued at $111,073,000. Persistent Asset Partners Ltd purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $164,000. Bell Investment Advisors Inc purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $44,000. Global Retirement Partners LLC bought a new position in shares of Take-Two Interactive Software in the 2nd quarter worth about $790,000. Finally, Bank of New York Mellon Corp purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at about $234,774,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Down 2.2%

NASDAQ:TTWO opened at $241.61 on Tuesday. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of -139.66, a PEG ratio of 1.70 and a beta of 0.97. 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 company's 50 day moving average price is $239.71 and its 200-day moving average price is $221.51. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations 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%.Take-Two Interactive Software's revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTWO has been the topic of a number of recent research reports. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Roth Capital lifted their target price on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a "buy" rating in a report on Monday, August 10th. Bank of America boosted their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Benchmark restated a "buy" rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, Piper Sandler restated an "overweight" rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $296.95.

Insiders Place Their Bets

In related news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director directly owned 20,374 shares of the company's stock, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares of the company's stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 609,936 shares of company stock worth $138,537,038 over the last three months. Company insiders own 1.12% of the company's stock.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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