Kingsview Wealth Management LLC Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Kingsview Wealth Management LLC purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,401 shares of the company’s stock, valued at approximately $1,350,000.

Other hedge funds have also bought and sold shares of the company. Beacon Pointe Advisors LLC bought a new stake in Take-Two Interactive Software during the 2nd quarter valued at $578,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Take-Two Interactive Software in the second quarter worth $332,000. Rakuten Investment Management Inc. purchased a new position in shares of Take-Two Interactive Software in the second quarter valued at $10,613,000. Empowered Funds LLC bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at $2,687,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Take-Two Interactive Software during the 2nd quarter worth about $1,068,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Key Take-Two Interactive Software News

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

Take-Two Interactive Software Stock Up 1.0%

TTWO opened at $235.39 on Friday. The business’s fifty day simple moving average is $242.28 and its 200 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 company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a market cap of $44.01 billion, a PE ratio of -136.06, a P/E/G ratio of 1.56 and a beta of 0.97.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned ($0.07) EPS. 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, research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the sale, the director owned 1,666 shares of the company’s stock, valued at $403,738.44. This represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 540,759 shares of company stock worth $123,183,789 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTWO shares. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, August 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Oppenheimer lifted their price objective on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Bank of America upped their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and a consensus price target of $296.95.

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.