Gables Capital Management Inc. Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Gables Capital Management Inc. purchased a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,467 shares of the company’s stock, valued at approximately $3,117,000. Take-Two Interactive Software comprises about 1.1% of Gables Capital Management Inc.’s holdings, making the stock its 25th largest holding.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after purchasing an additional 166,661 shares during the period. BlackRock Inc. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $4,560,679,000. State Street Corp lifted its holdings in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after buying an additional 390,331 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after buying an additional 60,893 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after acquiring an additional 16,758 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 0.3%

Shares of NASDAQ TTWO opened at $242.40 on Wednesday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The stock’s fifty day simple moving average is $240.32 and its two-hundred day simple moving average is $221.50. The stock has a market capitalization of $45.32 billion, a PE 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 (NASDAQ:TTWO) last announced its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned ($0.07) earnings per share. Take-Two Interactive Software’s revenue 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, analysts expect that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last three months, insiders sold 610,759 shares of company stock worth $138,737,789. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of 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. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Roth Capital boosted their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of “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.