Korea Investment CORP Takes $37.54 Million Position in Take-Two Interactive Software, Inc. $TTWO

Korea Investment CORP bought a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,168 shares of the company’s stock, valued at approximately $37,539,000. Korea Investment CORP owned approximately 0.08% of Take-Two Interactive Software at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its stake in shares of 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 buying an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Take-Two Interactive Software by 45.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock valued at $11,489,000 after buying an additional 14,050 shares in the last quarter. Fiera Capital Corp raised its position in shares of Take-Two Interactive Software by 33.9% during the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after buying an additional 16,314 shares in the last quarter. Swedbank AB lifted its holdings in shares of Take-Two Interactive Software by 7.6% in the 4th quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after acquiring an additional 9,556 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in Take-Two Interactive Software in the second quarter worth about $37,090,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on TTWO shares. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Oppenheimer raised 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. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Wells Fargo & Company boosted their target price on Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $296.95.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 ninety days, insiders sold 610,759 shares of company stock worth $138,737,789. Corporate insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Price Performance

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 P/E/G ratio of 1.59 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The company has a 50-day moving average price of $241.97 and a 200 day moving average price of $221.75. 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 posted its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion during 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 business’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

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.