Laverne Evans Srinivasan Sells 362 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Key Points

• Director Laverne Evans Srinivasan sold 362 Take-Two shares at an average price of $245.01, receiving $88,693.62. The sale reduced her direct holdings by 4.15% to 8,357 shares.
• Take-Two shares traded near $242.40, with a market capitalization of approximately $45.32 billion. The company missed quarterly EPS estimates ($0.18 loss versus $0.33 expected) despite reporting $1.53 billion in revenue, above analyst forecasts.
• Analysts maintain a generally bullish view, with an average rating of “Buy” and a consensus price target of $296.95. Institutional investors own approximately 95.46% of the company’s stock.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) Director Laverne Evans Srinivasan sold 362 shares of the business's stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Laverne Evans Srinivasan also recently made the following trade(s):

• On Monday, June 1st, Laverne Evans Srinivasan sold 373 shares of Take-Two Interactive Software stock. The stock was sold at an average price of $229.35, for a total value of $85,547.55.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO traded up $0.79 during mid-day trading on Tuesday, hitting $242.40. 1,881,326 shares of the company were exchanged, compared to its average volume of 2,265,266. The stock has a 50 day simple moving average of $239.71 and a 200-day simple moving average of $221.51. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year 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 $45.32 billion, a price-to-earnings ratio of -140.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97.

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 (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.51). The firm 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 business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($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, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Take-Two Interactive Software in the second quarter valued at about $4,560,679,000. Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $735,389,000. Bank of America Corp DE purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $599,405,000. Legal & General Group Plc acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $277,219,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $234,774,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

TTWO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. assumed 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 objective for the company. UBS Group reiterated a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Robert W. Baird increased their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. Bank of America raised their price target 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. Finally, Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research note on Thursday, August 6th. 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $296.95.

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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