Great Lakes Advisors LLC Takes $1.54 Million Position in Take-Two Interactive Software, Inc. $TTWO

Great Lakes Advisors LLC bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,143 shares of the company’s stock, valued at approximately $1,536,000.

Several other institutional investors have also modified their holdings of TTWO. Danske Bank A S purchased a new stake in Take-Two Interactive Software during the 2nd quarter worth approximately $273,000. Gables Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at approximately $3,117,000. Wealthfront Advisers LLC acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth approximately $5,533,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Take-Two Interactive Software during the second quarter worth approximately $37,090,000. Finally, Deepwater Asset Management LLC bought a new stake in shares of Take-Two Interactive Software in the second quarter worth $7,981,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, insider Daniel P. Emerson sold 21,102 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider directly owned 131,668 shares in the company, valued at $28,915,609.48. This trade represents a 13.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, CEO Strauss Zelnick sold 208,969 shares of Take-Two Interactive Software stock in a transaction 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 sale, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was 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. In the last ninety days, insiders have sold 610,759 shares of company stock valued at $138,737,789. Corporate insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Stock Down 0.2%

TTWO stock opened at $239.62 on Friday. The stock has a market cap of $44.80 billion, a PE ratio of -138.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.97. The firm’s 50-day simple moving average is $241.97 and its 200 day simple moving average is $221.75. 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 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 posted its 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 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 analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned ($0.07) earnings per share. The company’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. As a group, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on TTWO shares. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price for the company. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Roth Capital increased 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 report on Monday, August 10th. Finally, Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. 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’s stock. According to data from MarketBeat, Take-Two Interactive Software currently 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.