Mission Wealth Management LP Invests $589,000 in Take-Two Interactive Software, Inc. $TTWO

Mission Wealth Management LP bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,358 shares of the company’s stock, valued at approximately $589,000.

A number of other hedge funds also recently made changes to their positions in TTWO. MCF Advisors LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $28,000. MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. Rachor Investment Advisory Services LLC bought a new stake in Take-Two Interactive Software in the fourth quarter worth $34,000. Finally, Reflection Asset Management bought a new stake in Take-Two Interactive Software in the fourth quarter worth $40,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. This trade represents a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 609,936 shares of company stock valued at $138,537,038 in the last quarter. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $243.00 on Thursday. The firm has a market capitalization of $45.44 billion, a PE ratio of -140.46, a PEG ratio of 1.70 and a beta of 0.97. The stock’s fifty day moving average is $237.98 and its 200 day moving average is $221.55. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.18) 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 in the previous year, the firm earned ($0.07) earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. 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 anticipate that Take-Two Interactive Software, Inc. will post 5.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TTWO shares. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Oppenheimer boosted their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. Robert W. Baird increased their price target 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. Finally, DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $296.95.

Trending Headlines about Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $310 price target, implying substantial upside from recent levels. DA Davidson reiterated its Buy rating, Wedbush assigned an Outperform rating, and Roth Capital raised its target to $300. The bullish view is centered on the potential commercial impact of GTA VI and Take-Two’s growing recurring-revenue base. JPMorgan coverage article DA Davidson rating article Wedbush rating article Roth Capital price target article
• Positive Sentiment: Institutional ownership remains strong, with BlackRock, Norges Bank, Bank of New York Mellon and Deutsche Bank recently establishing positions, while AQR Capital increased its stake. Such buying can reinforce confidence in Take-Two’s long-term outlook.
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data appears internally inconsistent, it offers little useful trading information.
• Negative Sentiment: CEO Strauss Zelnick sold 40,000 TTWO shares for approximately $10.1 million at an average price of $252.64. The sale may be routine, but it can weigh on sentiment, particularly after additional sizable sales reported in May and June. CEO insider sale article
• Negative Sentiment: Take-Two’s latest quarter included an adjusted EPS loss of $0.18, below the $0.33 consensus estimate, despite revenue of $1.53 billion exceeding expectations. Revenue also declined 2.1% year over year, leaving investors focused on execution and whether GTA VI expectations are already reflected in the stock’s elevated valuation.

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.