2,829 Shares in Take-Two Interactive Software, Inc. $TTWO Purchased by Equitable Holdings Inc.

Equitable Holdings Inc. purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,829 shares of the company’s stock, valued at approximately $707,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TTWO. Harvey Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth about $7,644,000. Public Employees Retirement System of Ohio acquired a new position in Take-Two Interactive Software during the second quarter worth approximately $21,035,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in Take-Two Interactive Software during the second quarter worth approximately $1,858,000. One68 Global Capital LLC acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $500,000. Finally, Blue Edge Capital LLC purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at $437,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 1.0%

NASDAQ TTWO opened at $235.39 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94. The business has a 50 day moving average price of $242.28 and a two-hundred day moving average price of $222.76. The stock has a market cap of $44.01 billion, a PE ratio of -136.06, a P/E/G ratio of 1.56 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business earned ($0.07) EPS. The company’s revenue for the quarter 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, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. The trade was a 2.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Karl Slatoff sold 208,969 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the transaction, the president directly owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 540,759 shares of company stock worth $123,183,789 over the last three months. Insiders own 1.12% of the company’s stock.

Key Headlines Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTWO. JPMorgan Chase & Co. started coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Roth Capital increased their target price on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, BTIG Research raised their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average target price of $296.95.

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.