Varma Mutual Pension Insurance Co Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Varma Mutual Pension Insurance Co acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 49,000 shares of the company's stock, valued at approximately $12,249,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Take-Two Interactive Software during the 1st quarter valued at $425,000. Empowered Funds LLC increased its stake in Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company's stock worth $688,000 after buying an additional 388 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company's stock valued at $63,000 after acquiring an additional 165 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Take-Two Interactive Software during the second quarter valued at about $2,747,000. Finally, Jump Financial LLC raised its holdings in Take-Two Interactive Software by 105.3% during the second quarter. Jump Financial LLC now owns 7,115 shares of the company's stock valued at $1,728,000 after acquiring an additional 3,650 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $239.62 on Monday. The stock has a market capitalization of $44.80 billion, a PE ratio of -138.51, a P/E/G ratio of 1.59 and a beta of 0.97. The business has a 50 day simple moving average of $241.97 and a two-hundred day simple moving average of $221.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick 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 quarterly earnings data 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 firm 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 business's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm 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, research analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff sold 334 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the sale, the director owned 1,666 shares in the company, valued at approximately $403,738.44. The trade was a 16.70% decrease in their ownership of the stock. The sale 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 Laverne Evans Srinivasan sold 362 shares of the company's 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 sale, the director directly owned 8,357 shares in the company, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 610,759 shares of company stock valued at $138,737,789 in the last three months. Corporate insiders own 1.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TTWO. BTIG Research upped their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Wells Fargo & Company lifted their target price on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. BMO Capital Markets reissued an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Zacks Research upgraded Take-Two Interactive Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Robert W. Baird increased their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $296.95.

Take-Two Interactive Software Company Profile

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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