Mirae Asset Global Investments Co. Ltd. Grows Holdings in Take-Two Interactive Software, Inc. $TTWO

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 17.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 235,266 shares of the company’s stock after purchasing an additional 34,567 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Take-Two Interactive Software were worth $58,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. LBP AM SA grew its position in shares of Take-Two Interactive Software by 298.2% during the fourth quarter. LBP AM SA now owns 64,611 shares of the company’s stock worth $16,542,000 after purchasing an additional 48,384 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after purchasing an additional 14,050 shares during the period. Fiera Capital Corp boosted its stake in Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares during the period. Finally, Swedbank AB grew its holdings in Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after buying an additional 9,556 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday. Wells Fargo & Company upped their target price on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Robert W. Baird raised their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $296.95.

Insider Buying and Selling

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software stock in a transaction on Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction dated 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 sale, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This trade represents 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 609,936 shares of company stock valued at $138,537,038 in the last three months. Corporate insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Stock Performance

NASDAQ TTWO opened at $241.91 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.24. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The business has a 50 day simple moving average of $238.48 and a two-hundred day simple moving average of $221.53. The stock has a market capitalization of $45.23 billion, a PE ratio of -139.83, a P/E/G ratio of 1.68 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 firm’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned ($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. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

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.