Pallas Capital Advisors LLC Makes New $880,000 Investment in Take-Two Interactive Software, Inc. $TTWO

Pallas Capital Advisors LLC bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,519 shares of the company’s stock, valued at approximately $880,000.

A number of other institutional investors have also recently made changes to their positions in TTWO. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. Mosley Wealth Management boosted its stake in Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. Essential Partners LLC boosted its stake in Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $34,000. Finally, MV Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTWO. Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a report on Thursday, August 6th. Wells Fargo & Company lifted their price objective on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target on the stock. Finally, Roth Capital lifted their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Two investment 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $296.95.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen F. Siminoff sold 334 shares of the stock in a transaction that occurred 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 transaction, the director owned 1,666 shares in the company, valued at $403,738.44. This represents a 16.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the transaction, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 610,759 shares of company stock worth $138,737,789. 1.12% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $242.40 on Wednesday. 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. The company has a market cap of $45.32 billion, a P/E ratio of -140.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. The stock’s fifty day moving average price is $240.32 and its 200-day moving average price is $221.50.

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 analysts’ consensus estimates 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 analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted ($0.07) EPS. The firm’s 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, equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

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.