306,883 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, HoldingsChannel.com reports. The fund bought 306,883 shares of the company’s stock, valued at approximately $76,715,000. Take-Two Interactive Software accounts for 1.1% of TimesSquare Capital Management LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds have also added to or reduced their stakes in TTWO. Vanguard Group Inc. boosted its stake in shares of Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after buying an additional 166,661 shares during the last quarter. State Street Corp lifted its holdings in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares during the period. Geode Capital Management LLC boosted its position in Take-Two Interactive Software by 1.3% in 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 during the last quarter. Invesco Ltd. grew its stake in shares of Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after purchasing an additional 16,758 shares during the period. Finally, Norges Bank purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at about $735,389,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

TTWO opened at $241.61 on Tuesday. The company has a 50 day simple moving average of $239.71 and a two-hundred day simple moving average of $221.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $45.18 billion, a P/E ratio of -139.66, a PEG ratio of 1.70 and a beta of 0.97. 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) last announced 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 negative net margin of 4.79% and a positive return on equity of 12.25%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The firm’s revenue for the quarter 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. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 4,419 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $230.00, for a total value of $1,016,370.00. Following the completion of the transaction, the insider owned 113,988 shares of the company’s stock, valued at $26,217,240. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 609,936 shares of company stock worth $138,537,038 in the last three months. 1.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on TTWO shares. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.