Dockside LLC Acquires Shares of 15,070 Take-Two Interactive Software, Inc. $TTWO

Dockside LLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, HoldingsChannel.com reports. The fund acquired 15,070 shares of the company’s stock, valued at approximately $3,767,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Take-Two Interactive Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock valued at $5,598,914,000 after acquiring an additional 166,661 shares during the period. State Street Corp raised its holdings in Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after purchasing an additional 390,331 shares during the period. Geode Capital Management LLC boosted its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after purchasing an additional 60,893 shares in the last quarter. Invesco Ltd. boosted its position in Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after purchasing an additional 16,758 shares in the last quarter. Finally, Norges Bank acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $735,389,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of Take-Two Interactive Software stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director owned 20,374 shares of the company’s stock, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares of the company’s stock, valued at $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 609,936 shares of company stock worth $138,537,038. Company insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $246.95 on Friday. The stock has a 50 day moving average of $239.13 and a two-hundred day moving average of $221.70. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The firm has a market cap of $46.17 billion, a P/E ratio of -142.74, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s 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. On average, analysts expect that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a research report on Tuesday. 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. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wells Fargo & Company upped their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Buy” and a consensus target price of $296.95.

Take-Two Interactive Software 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.