Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $31,116.27 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Michael Sheresky sold 127 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $31,116.27. Following the completion of the sale, the director directly owned 65,368 shares in the company, valued at approximately $16,015,813.68. This represents a 0.19% decrease in their position. The sale was disclosed in a legal 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.

Take-Two Interactive Software Trading Up 0.3%

NASDAQ:TTWO traded up $0.79 during trading hours on Tuesday, hitting $242.40. 1,881,326 shares of the company were exchanged, compared to its average volume of 2,265,266. The stock has a market capitalization of $45.32 billion, a price-to-earnings ratio of -140.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The company has a fifty day simple moving average of $239.71 and a 200 day simple moving average of $221.51.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results 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 positive return on equity of 12.25% and a negative net margin of 4.79%.The company 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 posted ($0.07) earnings per share. The firm’s quarterly 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. Sell-side analysts expect that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer lifted their price objective on Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.