Public Employees Retirement System of Ohio Makes New $21.04 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Public Employees Retirement System of Ohio acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,147 shares of the company’s stock, valued at approximately $21,035,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Take-Two Interactive Software during the second quarter valued at approximately $4,560,679,000. Norges Bank bought a new position in shares of Take-Two Interactive Software in the fourth quarter worth approximately $735,389,000. Bank of America Corp DE purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth $599,405,000. Legal & General Group Plc bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at $277,219,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at $234,774,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 1.0%

Shares of TTWO stock opened at $235.39 on Friday. The company’s fifty day simple moving average is $242.28 and its two-hundred day simple moving average is $222.76. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The stock has a market cap of $44.01 billion, a P/E ratio of -136.06, a PEG ratio of 1.56 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results 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 the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last 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. Analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Laverne Evans Srinivasan sold 362 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $2,047,548.57. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 127 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $31,116.27. Following the sale, the director directly owned 65,368 shares in the company, valued at approximately $16,015,813.68. The trade was a 0.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 540,759 shares of company stock worth $123,183,789. Insiders own 1.12% of the company’s stock.

Key Stories Impacting Take-Two Interactive Software

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

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTWO. BTIG Research lifted their target price on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. initiated coverage on 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. UBS Group restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.