Man Group plc Purchases New Position in Take-Two Interactive Software, Inc. $TTWO

Man Group plc acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, Holdings Channel reports. The institutional investor acquired 66,242 shares of the company’s stock, valued at approximately $16,559,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTWO. Mayflower Financial Advisors LLC lifted its stake in Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after acquiring an additional 48 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its stake in shares of Take-Two Interactive Software by 5.7% during the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after purchasing an additional 52 shares during the last quarter. Huntington National Bank increased its stake in shares of Take-Two Interactive Software by 4.5% during the 4th quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after purchasing an additional 57 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Take-Two Interactive Software by 12.4% during the 4th quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $137,000 after purchasing an additional 59 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Take-Two Interactive Software by 6.0% during the 4th quarter. Ballentine Partners LLC now owns 1,063 shares of the company’s stock valued at $272,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $233.00 on Friday. The firm has a fifty day simple moving average of $242.36 and a 200-day simple moving average of $222.68. 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 1-year low of $187.63 and a 1-year high of $265.94. The stock has a market capitalization of $43.57 billion, a price-to-earnings ratio of -134.68, a PEG ratio of 1.55 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted ($0.07) earnings per share. The business’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. On average, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Analysts Set New Price Targets

TTWO has been the subject of a number of recent research reports. Oppenheimer upped their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Finally, Roth Capital upped their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $296.95.

Insider Activity at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director directly owned 21,868 shares in the company, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Sheresky sold 127 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $31,116.27. Following the transaction, the director directly owned 65,368 shares of the company’s stock, valued at $16,015,813.68. This represents a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 540,759 shares of company stock valued at $123,183,789. 1.12% of the stock is owned by corporate insiders.

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.